Big Drops Expected in 2019 Colo. Workers’ Compensation Rates

The Colorado Division of Insurance has approved a reduction of an average of 16.7 percent for the “loss costs” and the “rating values” components of workers’ compensation premiums for 2019.

Aviation companies, oil field trucking firms and casinos are among the employers that could see nice-sized drops in their workers’ compensation rates in 2019. Insurers have yet to come out with their own figures, but the Colorado Division of Insurance has approved a reduction of an average of 16.7 percent for the “loss costs” and… Read more »

Case Study: Workers’ Compensation Rates — A Game of Inches

The Challenge: “Football is a game of inches and inches make the champion.” That’s something the great Vince Lombardi used to say and it’s a point with parallels in the workers’ compensation world. To be clear, we’re talking about your experience modification rate, or EMR, a topic that we’ve addressed here in the past but… Read more »

Is Your Safety Program Working?  

safety program

The investigations, finger-pointing and lawsuits arising from the deaths of two construction workers in a scaffolding collapse near Disney World this summer could easily drag on for years. Beyond the immediate horror, if you’re in the construction business, hearing the news from Orlando might have evoked a sense of relief that nothing like that has… Read more »

Are You Covered if Your Nanny Sues for Harassment?

Let’s say you live in Denver and your nanny quits suddenly and files a lawsuit for sexual harassment after your husband purportedly made inappropriate comments to her when they were alone in the house together. Or perhaps your husband is unhappy with the gardener. You fire him (the gardener, not your husband), and he responds… Read more »

Case Study: Getting Your Experience Modification Rate Under Control  

experience modification rate

THE CHALLENGE:  When it comes to workers’ compensation premiums, a company’s experience modification rate, or EMR, is everything. No one wants an e-mod higher than 1.00. An e-mod, as a refresher, is a ratio that expresses actual to expected losses that occur over a (typically) three-year period. In this case, our client – a taxicab… Read more »

Not Winning Construction Bids? It Could be Your E-Mod

Construction companies, especially smaller ones, hate when it happens, but many large projects and government contracts require them to have an experience modification rate, or EMR, of no more than 1.00.

Construction companies, especially smaller ones, hate when it happens, but many large projects and government contracts require them to have an experience modification rate, or EMR, of no more than 1.00. The thinking is that a rating above 1.00 would somehow involve a safety risk, and that the lower the EMR, the safer a company’s… Read more »

CCIG Clients Reap Workplace Safety Dividend

GREENWOOD VILLAGE, COLO. –  Hundreds of CCIG clients will receive checks this spring for maintaining safe workplaces. The checks are part of Pinnacol Assurance’s general dividend program. Pinnacol is Colorado’s largest workers’ compensation insurance carrier. Nearly 700 of CCIG’s clients will receive checks, some amounting to more than $50,000. An employer’s general dividend is based… Read more »

A Missing Element in M&A Due Diligence

merger due diligence

The army of accountants, lawyers and bankers involved in a typical corporate acquisition or merger spend a lot of time, energy and money doing what’s known as due diligence on the deal. As anyone who’s been through one of these can tell you, these dark-suited gals and guys will comb through reams of financial and… Read more »