Workers Comp Term of The Day - Total Incurred

I have posted on this term previously. Total Incurred is the sum of the amount paid and the Workers Comp claim reserves. The Total Incurred figures are included in employers' rating bureau reports. Total Incurred is the most critical part of an employer's E-Mod.

The official definition - which is really the formula Reserves + Paid = Total Incurred. The sum of incurred medical and indemnity benefits and other for lost-time claims is also a definition.