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Businesses small and large will be facing new challenges and issues this year when it comes to providing workers’ compensation insurance for their employees. Here is what WorkCompWire, an online information source for workers’ comp and related issues, has to say about how certain trends could impact businesses in 2023.

Insurance agents and brokers have seen firsthand how their business clients in certain industries have been impacted by the ongoing labor shortage. One industry that has been particularly hard it is construction. In fact, experts believe the construction industry has experienced a near-crisis-level shortage of workers and is now facing a potential deficit of approximately 1 million construction professionals in 2023.