Annual report highlights the financial toll of workplace injuries, rising mental health risks, and how AI-driven safety solutions can help small businesses reduce costs and protect workers
Denver, CO - April 2nd, 2025 —Pie Insurance, an insurtech specializing in commercial insurance for small businesses, today released its 2025 State of Workplace Safety Report offering new insights into the evolving safety landscape for small businesses across the United States. This year’s report analyzes data from over 1,000 small business owners and decision-makers, uncovering how businesses are responding to shifts in safety trends including rising mental health challenges, preventable injuries, employee resistance, and the accelerating adoption of AI-powered safety technology.
The Cost of Inaction: Workplace Injuries Are a Growing Financial Burden
Workplace injuries remain a significant challenge, with 75% of small businesses reporting incidents in the past year—half of which were reported as preventable. The report highlights the financial toll that workplace incidents can take with more than 30% of small businesses reporting over $20,000 on injury-related costs in the past year. On average, injuries resulted in four lost employee workdays and three full business days of disruption annually.
Commercial vehicle accidents are another costly workplace safety concern with 42% of businesses with commercial vehicles reporting auto-related incidents in the past year, each costing an average of $5,725 per accident. However, based on survey findings, if small businesses could prevent half of workplace injuries, the average annual out of pocket savings (workers’ compensation, medical expenses, and/or legal costs) could reach up to $10,000 or more.
Additional findings from Pie’s 2025 Workplace Safety Report:
AI-Powered Safety Gains Momentum
Mental Health Emerges as a Top Safety Concern
Employee Resistance Slows Safety Progress
"Workplace safety isn’t just about preventing physical injuries—it’s essential to both employee well-being and a business’s long-term success,” said Carla Woodard, SVP of Claims at Pie Insurance. “Our 2025 data makes one thing clear: safety isn’t just a compliance checkbox—it’s a competitive advantage. Businesses that invest in proactive safety measures, from basic accident prevention protocols and mental health support to AI-driven solutions, are not only protecting their teams but can also reduce costs and strengthen operations. The right approach to safety can create stronger, more resilient businesses.”
Download the full 2025 State of Workplace Safety Report and explore additional insights at https://www.pieinsurance.com/safety-survey.
Pie’s 2025 State of Workplace Safety Report is based on a 15-minute online survey commissioned by Pie Insurance and conducted by YouGov PLC. The survey collected responses from 1,018 US small business owners and decision-makers responsible for commercial insurance and workers’ compensation coverage at companies with 2-500 employees. The survey was fielded from January 9 to January 18, 2025.
All survey related content was developed for educational purposes only and covers a wide variety of general workplace safety concerns and considerations, some not relevant to workers’ compensation or commercial auto coverage. This content does not imply coverage under workers’ compensation or other insurance offered through Pie Insurance Services, Inc. Please consult an agent or attorney for any questions regarding applicability of insurance coverage in all circumstances.
Pie Insurance is leveraging technology to transform how small businesses buy and experience commercial insurance, with the goal of making it affordable and as easy as pie. Pie's intense focus on granular, sophisticated pricing, and data-driven customer segmentation enables Pie to match price with risk accurately across a broad spectrum of small business types, which allows Pie to offer more affordable insurance to small business owners. Since 2017, Pie has received over $615M in funding and partnered with over 4,000 agencies nationwide.
