DENVER — Several area companies have been recognized by Pinnacol Assurance, a leading workers’ compensation insurer, as recipients of the 2018 Circle of Safety Award.

The award honors companies that have shown excellence in safety, loss control, and financial and claims management. Many of the companies recognized have been able to do so in high-risk industries.

“These Colorado employers have shown a commitment to workplace safety that permeates their culture,” Krista O’Rourke, Pinnacol’s vice president of agency relations and safety services, said in a prepared statement. “They have seen the direct benefits of a safer workplace on their workers’ compensation costs, but what’s potentially more valuable is the more secure, productive, loyal and engaged workforce their investment in employee safety can foster.”

Adcon Signs and Maximum Painting LLC, both of Fort Collins were awarded, as was the Frederick-Firestone Fire Protection District. Mark Young Construction of Frederick and Johnstown-based Fiske Electric were also recognized. Adcon, the fire protection district, Mark Young and Fiske Electric have all been winners in the past.

To be awarded, companies had to be Pinnacol policyholders, had to have no fatalities, 80 percent or more of their claims filed within 48 hours over the past four years and have no noncompliant audits, among other qualifications. In total there were 29 winners.