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Everything Workers Compensation related with forms, statute, rules and guidance at the Colorado Department of Labor & Employment:

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Colorado Workers’ Compensation Act

During the early 1900s, state legislatures recognized the need for a system of workers’ compensation insurance. As a result of the Industrial Revolution, work-related injuries rose dramatically, in both number and severity. Civil lawsuits against employers took years to settle and employees often ended up depending on welfare or the charity of others.

In 1915, the Colorado General Assembly passed the Colorado Workers’ Compensation Act. Employers were mandated to cover medical care and provide wage replacement for injured workers; in exchange for this protection, worker’s compensation became the exclusive remedy for workers injured on the job. Workers’ compensation protects your business from unnecessary lawsuits and your employees from financial difficulty.

Colorado employers to see no 2015 increase in workers’ comp premiums

By Steve Raabe
The Denver Post

The typical Colorado employer will see no increase in premium costs next year for a key component of workers’ compensation insurance.

For the first time since 2010, there will be no overall rise in the “loss costs” portion of premiums.

Chalk it up to employers getting their injured workers back on the job more quickly, said the Colorado Division of Insurance.

“These results come down to the efforts made by employers and employees to control workers’ compensation costs,” said Insurance Commissioner Marguerite Salazar. “Getting injured workers back to work sooner, meaning that claims are closed faster, helped offset a small increase in claim costs, resulting in no change to loss costs.”

For 2014, the loss-cost component of premiums rose 2.6 percent, which was half the 5.2 percent increase seen in 2013.

The state insurance agency noted that some employers could see premium increases or decreases in 2015 based on their industry classifications. But averaged over all classes, the costs will remain flat.

Loss costs are the average cost of lost wages and medical payments from work-related injuries.

Factors that affect premiums include claims frequency, duration of claims, severity of injuries and cost of treatment.

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