This week’s Cavalcade of Risk includes an interesting article by Julie Ferguson of Workers’ Comp Insider. It includes a visual depiction of how workers’ comp rates vary from one state to another, and I was surprised to see Colorado among the least-costly states for workers’ comp premiums. In the 2010 comparison, Colorado was ranked 43rd in the nation, which is the same ranking it had in 2008 (although we had been ranked 29th in 2006).
We work with individual health insurance, so my knowledge of workers’ comp issues are generally limited to what I read on Julie’s blog. But I find it interesting that workers’ comp is relatively inexpensive here, given that our health insurance premiums put us right in the middle of the national ranking in 2009, and group health insurance premiums here are currently rising faster than the national average.