Two new reports by insurance company CNA highlight the risk from employee abuse of opioid drugs, with the construction industry named as one of two industries at high risk.
An estimated 15.1% of construction workers and 6.5% of manufacturing workers have engaged in illicit drug use, CNA says. CNA used claim data to analyze industry averages against potential opioid abusers and post-accident spending.
"The opioid abuse epidemic is taking a toll on many aspects of the U.S. economy, including businesses' workers' compensation losses," said Bill Boyd, senior vice president, Risk Control, CNA. "The delay of returning injured employees to work can affect operations and, therefore, negatively impact a company's bottom line. Opioid abuse is a real and emerging risk for businesses to consider, and through these Risk Outlooks, I hope our customers will learn solutions to avoid return-to-work pitfalls."
"By partnering with leading construction and manufacturing associations, we have seen increased concern about prescription opioid abuse, as well as how it increases worker injuries and businesses' losses," said John Tatum, senior vice president, Middle Market, CNA. "Many of these associations are developing programs to educate their members about the issue in order to provide the tools, training, and resources they need to address opioid abuse in their own workplaces."
Related Stories
| Aug 11, 2010
Webcor, Hunt Construction lead the way in mixed-use construction, according to BD+C's Giants 300 report
A ranking of the Top 30 Mixed-Use Contractors based on Building Design+Construction's 2009 Giants 300 survey. For more Giants 300 rankings, visit http://www.BDCnetwork.com/Giants
| Aug 11, 2010
Clark Group, Hensel Phelps among nation's largest federal government contractors, according to BD+C's Giants 300 report
A ranking of the Top 40 Federal Government Contractors based on Building Design+Construction's 2009 Giants 300 survey. For more Giants 300 rankings, visit http://www.BDCnetwork.com/Giants
| Aug 11, 2010
Report: Fraud levels fall for construction industry, but companies still losing $6.4 million on average
The global construction, engineering and infrastructure industry saw a significant decline in fraud activity with companies losing an average of $6.4 million over the last three years, according to the latest edition of the Kroll Annual Global Fraud Report, released today at the Association of Corporate Counsel’s 2009 Annual Meeting in Boston. This new figure represents less than half of last year’s amount of $14.2 million.
| Aug 11, 2010
Peter Marchetto joins Tishman as president of Construction Operations
Tishman Construction Corporation Chairman, Daniel R. Tishman, today announced that Peter Marchetto joined the company as President of Construction Operations.
| Aug 11, 2010
Whiting-Turner, EMJ Corp. top BD+C's ranking of the nation's 40 largest retail contractors
A ranking of the Top 40 Retail Contractors based on Building Design+Construction's 2009 Giants 300 survey. For more Giants 300 rankings, visit http://www.BDCnetwork.com/Giants