Employers, take a bow. Your efforts to reduce workplace injuries have paid off big time. “The number of reported accidents under the workers’ compensation system has been falling steadily in recent years,” says James J. Moore, president of J&L Risk Management Consultants. “The reason has been largely due to successful safety programs.”

The healthier workplace environment has attracted a good number of insurance companies to the workers’ compensation market, putting downward pressure on prices. “In general, insurance companies find workers’ compensation to be a profitable line of business,” says Randy Sieberg, president of Workers Compensation Consultants. “As losses have been ...