Workers’ compensation rates expected to decline

DENVER — Employers can expect lower workers’ compensation premium rates in 2018.

The National Council on Compensation Insurance is recommending a 12.7 percent decrease in rates for the coming year, according to a prepared statement from CCIG, an insurance brokerage based in Greenwood Village.

The trend reflects ongoing efforts by employers to prevent workplace injuries, as well as either declines or stable figures in frequency of claims, duration of claims, severity of injuries and medical costs, the statement said.

Not every employer will receive a 12.7 percent decrease. The rate will depend on insurance companies’…