The construction industry is a significant contributor to the U.S. economy, responsible for 4.1% of the nation’s gross domestic product and employing 5.3% of the country’s total workforce. While the COVID-19 pandemic stalled many sectors of the economy for a period of months, construction is now booming in several U.S. states.
Foresight, the smart workers compensation option for middle market construction firms, assembled a list of the top four states where the construction industry is showing no signs of slowing any time soon—and guidance on what this means for the risk management discussions you should be having.
As is true in any high-hazard industry, increasing work volume, number of projects, duration of hours, and other variables that are a result of business growth can jeopardize the most important part of the job—the safety of employees.
The construction industry is, and has long been, one of the most dangerous for workers. In fact, The Bureau of Labor Statistics states that 5,333 workers died on the job in 2019—on average, more than 100 a week or about 15 deaths every day. About 20% (1,061) of worker fatalities in private industry in calendar year 2019 were in construction—accounting for one in five worker deaths for the year. Your construction clients need special attention and expert handling when it comes to risk management, safety training, injury prevention, and workers compensation coverage.
Foresight is committed to reducing incidents and supporting a strong safety culture for its clients by making workers compensation risk management simpler. Through our risk management tech, our construction clients have access to:
Whatever state or country your client’s construction business operates in, the entire construction industry benefits when each of us prioritize safety.