AI reduces costs for most expensive types of workers’ comp claims

Review how AI can tackle the three reasons why injured workers seek legal representation.

Artificial intelligence can help reduce the legal involvement in lost-time workers’ comp claims by as much as 15%, which in turn can reduce costs for these claims by as much as 5%, according to a study of more than 200,000 claims by Gradient AI.

Those savings equate to about $3.5 million, annually, based on the study’s insurers averaging $70 million in lost-time claims. On a per-claim basis, avoiding a lawyer can save $38,000, Gradient reported.

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