It is a serious issue that is costing businesses millions of dollars every year.
According to the Center for Disease Control (CDC), more than 700,000 people died from a drug overdose from 1999 to 2017, and about 68% of the deaths that occurred in 2017 involved an opioid. The number of deaths caused by opioid overdose – both prescription and illegal – was six times higher than in 1999.
The construction industry is not immune to this epidemic – in fact, it is hit harder than most. The very nature of the industry makes construction workers more vulnerable to opioid abuse than workers in other occupations. In 2016, 73% of injured construction workerswere prescribed a narcotic painkiller. According to the Substance Abuse and Mental Health Services Administration, construction workers suffer from substance use disorders at nearly twice the rate of the general population.
One study found that construction workers in Ohio were seven times more likely to die from an overdose of opioids than workers in other professions. Another study found that construction workers in Barnstable County in Massachusetts accounted for 25% of all fatal overdoses from the prescription painkillers heroin and fentanyl.
This creates higher workers compensation (WC) losses, and WC insurance costs for construction employees are more than double the average cost for other occupations, according to the Center for Construction Research and Training. Narcotics such as opioids account for 29 percent of prescription costs in workers compensation, according to the National Institute for Occupational Safety and Health(NIOSH).
If you think about it, it is not a surprise that employees in the construction industry have been hit hard by the opioid epidemic. Here’s why:
You can help minimize opioid addiction among your workers:
The human cost of this epidemic is astounding, but the financial loss to construction companies is also a concern. In an industry where workers’ compensation costs are already higher than average, adding in the problems associated with opioid addiction can put a real strain on your bottom line.
Want to learn more about saving on your insurance costs? Give American Insuring Group a call at (800) 947-1270 or (610) 775-3848 or contact us online.
We specialize in construction and contractor insurance and are aware of the unique challenges you face, including the cost of workers compensation insurance. We'll help you save a bundle while obtaining the quality coverage you need to be well protected!