Insurance Companies most certainly do. They know the cost so well they can calculate what your payout will be if you loose a partial finger in a workplace accident. It's judged by quality of life affected + ability to earn an income along with mental trauma. Then they put that into a percentage amount i.e. losing a finger you loose 3% quality of life (example only). There is much more that goes into it but the gist is there.
All companies are obligated, correct me if I am wrong, to have insurance cover for their workers. They don't get insurance premium numbers from nowhere.
We all have a number against our name.
People can start here for some guidance.
http://understandinsurance.com.au/types-of-insurance/workers-compensation
The road to commercialization, page-231
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