2015 Colorado workers\u2019 comp insurance premiums will not cost more for the average employer, the CDI recently noted. This is a look at why.<\/p>\n\n\n\n

<\/p>\n\n\n\n

2015 Colorado workers\u2019 comp insurance premiums will not cost more for the average employer, as the \u201closs costs\u201d of these premiums did not spike for the first time since 2010. As the Colorado Division of Insurance (CDI) recently noted, this is due to the fact that a substantial number people who experienced workplace injuries ended up returning to work sooner than planned in 2014.<\/p>\n\n\n\n

This is likely good news to employers who are looking to cut or maintain low workers\u2019 compensation insurance costs this year, as they ended up paying increased premiums:<\/p>\n\n\n\n

• In 2014 when the increase in premiums was 2.6 percent (from 2013)<\/li>
• In 2013 when the premiums increased by 5.2 percent (from 2012).<\/li><\/ul>\n\n\n\n

  In making this announce, the CDI did explain that some<\/em> employers, based on their specific industry, may still experience an increase in their 2015 Colorado workers\u2019 comp insurance premiums.<\/p>\n\n\n\n

  A Closer Look at 2015 Colorado Workers\u2019 Comp Insurance Premiums: What Are Loss Costs?<\/strong><\/h2>\n\n\n\n

  Given that the relatively stagnant rate of loss costs were noted as a primary reason that the 2015 Colorado workers\u2019 comp insurance premiums didn\u2019t generally increase, it may be worthwhile to take a closer look at what loss costs for workers\u2019 comp insurance are.<\/p>\n\n\n\n

  Essentially, loss costs are baseline, variable rates used to determine insurance premiums. For workers\u2019 comp insurance, some of the factors that impact how loss costs may vary from year to year include (but are by no means limited to):<\/p>\n\n\n\n

  • How many workers\u2019 compensation claims are filed in a given year<\/li>
  • How long these claims remain open<\/li>
  • How severe the injuries are related to these claims<\/li>
  • How much medical treatment for these claims ultimately costs.<\/li><\/ul>\n\n\n\n

    While Marguerite Salazar, Insurance Commissioner, has noted in the past that \u201cincreasing claim costs and increasing frequency of claims continue [to be] trends,\u201d when remarking on the 2015 Colorado workers\u2019 comp insurance premiums, she noted that, \u201cthese results come down to the efforts made by employers and employees to control workers\u2019 compensation costs.\u201d<\/p>\n\n\n\n

    Denver Workers\u2019 Compensation Attorneys<\/strong> at the Law Office of Steven J. Picardi<\/strong><\/h3>\n\n\n\n

    If you have been hurt at work, it\u2019s time to contact the Denver workers\u2019 compensation lawyers<\/strong><\/a> at the Law Office of Steven J. Picardi.<\/p>\n\n\n\n

    With more than 30 years of combined workers\u2019 compensation experience, our attorneys have extensive knowledge of Colorado workers\u2019 compensation law, strong credentials and a significant record of success. This has helped them to defend employers and represent injured employees in all phases of workers\u2019 compensation litigation. Our firm\u2019s lawyers remain abreast of the latest changes in workers\u2019 compensation laws and are ready to use their skills and knowledge to your advantage.<\/p>\n\n\n\n

    Let\u2019s Talk \u2013 Contact Us Today<\/strong><\/h4>\n\n\n\n

    For experienced legal advocacy in defending or filing a workers\u2019 compensation claim, contact the Picardi Law Firm for a consultation by calling (303) 778-8881<\/strong> or by emailing us using the form at the top of the screen.<\/p>\n","protected":false},"excerpt":{"rendered":"

    2015 Colorado workers\u2019 comp insurance premiums will not cost more for the average employer, the CDI recently noted. This is a look at why. 2015 Colorado workers\u2019 comp insurance premiums will not cost more for the average employer, as the \u201closs costs\u201d of these premiums did not spike for the first time since 2010. As… Continue reading 2015 Colorado Workers\u2019 Comp Insurance Premiums Won\u2019t Increase for Many Employers<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-316","post","type-post","status-publish","format-standard","hentry","category-uncategorized","entry"],"_links":{"self":[{"href":"https:\/\/epicdevsite.info\/2021-picardilawfirm2\/wp-json\/wp\/v2\/posts\/316","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/epicdevsite.info\/2021-picardilawfirm2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/epicdevsite.info\/2021-picardilawfirm2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/epicdevsite.info\/2021-picardilawfirm2\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/epicdevsite.info\/2021-picardilawfirm2\/wp-json\/wp\/v2\/comments?post=316"}],"version-history":[{"count":2,"href":"https:\/\/epicdevsite.info\/2021-picardilawfirm2\/wp-json\/wp\/v2\/posts\/316\/revisions"}],"predecessor-version":[{"id":318,"href":"https:\/\/epicdevsite.info\/2021-picardilawfirm2\/wp-json\/wp\/v2\/posts\/316\/revisions\/318"}],"wp:attachment":[{"href":"https:\/\/epicdevsite.info\/2021-picardilawfirm2\/wp-json\/wp\/v2\/media?parent=316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/epicdevsite.info\/2021-picardilawfirm2\/wp-json\/wp\/v2\/categories?post=316"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/epicdevsite.info\/2021-picardilawfirm2\/wp-json\/wp\/v2\/tags?post=316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}