What is a workers' comp loss run?

• A. A document that reports all injuries, description of accident, how much money was paid, if it is open or closed
• B. A summary of payroll expenses for the year
• C. A forecast of future claims
• D. A list of employees with salaries

Answer: (A)

A workers' comp loss run is a detailed report of all workers' compensation claims for a policy or period. It lists each claim with information such as the date of the injury, a description of the accident, how much has been paid to date, and the current status of the claim (open or closed). This makes it a historical ledger that helps employers and insurers see the total cost of past and ongoing claims, monitor loss development, and estimate reserves for future payments. Unlike a payroll summary, which tracks wages, or a forecast of future claims, which predicts what might happen, the loss run records actual claim activity and financial amounts already paid or reserved.