Colorado employers to pay more for workers’ comp in 2013 [Gazette, The (CO)]
|By THE DENVER POST|
The "loss costs" component of workers' compensation premiums is forecast to rise by 5.2 percent in 2013. It will be the third straight year the component has increased.
Loss costs are the average cost of lost wages and medical payments of workers injured during the course of their employment. Factors that may increase workers' comp costs include frequency and length of claims, number of treatments for each claim and severity of injury.
"The trends of the last few years continued: increasing claim costs and increasing frequency of claims," said
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