Tag

slips and falls

number one insurance claim
Real Estate, Hospitality & Restaurants, Community Associations, Cultural Institutions, Risk Insight, Restaurants

Preventing the number-one Insurance Claim: Slips, Trips, and Falls

Year after year, slips, trips, and falls remain the number-one insurance claim for property owners. More than three million people visit the emergency room each year because of falls, according to the CDC (Centers for Disease Control and Prevention). The average hospital visit costs $30,000 to $50,000. Add in factors like ongoing medical bills and lost wages, and the cost of claims mount. Serious slip-and-fall losses, in fact, have plagued the habitational and hospitality sectors, with negligent awards running into the millions. Yet most if not all of these claims are preventable.

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Snowy Sidewalk
Real Estate, Hospitality & Restaurants, Community Associations, Risk Insight

Preventing Slips and Falls in Winter Months

Slip and fall accidents account for 15% of all accidental deaths in the United States. Annually, an estimated one million Americans will have an injury related to a fall, 600,000 will be hospitalized and 17,000 deaths will occur.

Studies find most injuries result from contact with outside surfaces. Property owners could be liable for injuries sustained on their property if they did not ensure a safe environment for visitors to walk. According to a fourteen year Distinguished Programs study, Slips and falls are the leading source of guest injury, claims, and insurance cost.

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