It’s safe to say that the majority of people don’t associate bankers with many workers’ compensation risks. In fact, most would venture to say that these professionals are all but immune to workplace injuries. However, what if there a was a looming threat? One that was a latent condition that took months, or even years, to develop? In this article, we will explore the effects of sitting for prolonged periods of time and how these circumstances can impact workers’ compensation claims. As we go deeper into this issue, ensure you protect your employees with a comprehensive Bankers Workers’ Compensation Insurance program.
As explained by Risk & Insurance, sitting at a desk for 40 hours a week can have significant and detrimental health effects. In fact, most employees who routinely sit at their jobs are suffering from some sort of neck or back injury. Musculoskeletal issues are the fastest-growing cause of workers’ comp claims in the nation and are usually underreported. Further, repetitive strains occur from microtraumas that develop when a person sits for too long or has poor posture.
Another issue surrounding these injuries is that they can take years to develop and the source of the injury can be difficult to pinpoint. As constant visits to the doctor to manage pain and inflammation are common for these injuries, the claim costs can add up quickly. Not to mention, the employee likely has to go back to work after treatment and continue doing the same routine that led to the injury in the first place. The costs of these types of injuries are ongoing and calculated to be in the billions of dollars a year in Workers’ Comp and disability claims.
To prevent these costs from skyrocketing in your bank or financial institution, combine a mix of education and preventative measures. For example, provide the necessary chairs that support good posture and comfort. While they might cost a bit extra than a basic model, they’ll go a long way in preventing musculoskeletal issues in the future. Next, allow employees to take breaks, stretch their bodies, and walk around. If it’s not busy, try to avoid making employees sit in their stations or windows.
Since 1983, Financial Guaranty Insurance Brokers has distinguished itself as a provider of Professional Liability, Cyber Liability, and Crime insurance products for financial entities, in addition to providing workers’ compensation insurance and general business insurance products to a number of firms across the United States. To receive timely, personalized service from a knowledgeable and experienced staff, call us today at (877) 485-4413 to speak with one of our professionals.