Change in wording may save companies

Friday, April 25, 2003

I spoke with two Sikeston businessmen this week who both voiced concerns over the growing cost of workers' compensation expenses. One large company spends more in workers' comp premiums than 99 percent of all local businesses generate in revenue each year. The other smaller company pays over $5,000 each month despite an excellent history of an accident-free working environment. Both businesses said that the spiraling expenses will force them to make cuts in their workforce or other areas of employee benefits.

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