Premium Cost Containment
The Division of Workers' Compensation partners with employers to protect and promote the integrity, vitality, and safety of Colorado’s workforce through the Premium Cost Containment Program. Through this program, employers will find ways to reduce workplace injuries and insurance-related costs.
Any employer, big and small, can become certified by applying to the Premium Cost Containment Board and documenting that there has been a qualified risk management program in force for at least one full year. Certified employers are eligible for a reduction in workers' compensation insurance premiums of up to 10%.
Other Helpful Tips
- Keep thorough documentation and record-keeping of all safety program elements, specifically the 6 elements listed above.
- Ensure each element of the safety program is dated properly to ensure you meet the requirement to have your program in place for one full year prior to applying for Cost Containment Certification.
- Safety Rules should reflect the hazards employees face.
- Get employee sign-offs on safety rules, policies, participation in safety committee meetings, training, designated medical provider acknowledgments, etc.
- Make the program your own.