AssuredPartners Colorado partners with Pinnacol Assurance to offer workers’ compensation coverage to our clients. In the article below, Pinnacol highlights Cost Containment Certification and how it can pay off for your business.
Some employers see investment in workplace safety as just another on a long list of expenses. But making safety a priority not only protects employees – it also makes good business sense. The state of Colorado has a set of requirements, collectively known as the Cost Containment Certification program (CCC), that outlines the elements of a basic workplace safety program, and the financial savings that come with putting one in place.
Tom Levy, Pinnacol Safety Services Specialist, explains that the CCC program provides a foundation for a safety program and is designed with two overarching goals in mind. The first is to reduce the number of “losses”, or work-related illnesses and injuries, that occur in the workplace. The second objective is to offer guidance on managing the workers’ compensation claim process if an accident does occur.
The CCC program features six primary requirements. “Getting certified is not a complicated process, but the state does require that all six steps be in place 12 months before an employer can apply for certification,” Levy says. “Applicants also must provide a copy of the six-step program and other documentation.”
To qualify for Colorado’s Cost Containment Certification, employers must have:
- a formal declaration of a company-wide safety policy
- formally designated a safety coordinator or committee with a written outline of responsibilities
- clearly-defined safety rules in place
- safety awareness and accident prevention training for all employees
- a written list of designated medical providers
- a written policy and procedure for workers’ comp compensation claims management.
It may sound like a lot, but with Pinnacol’s support, you’ll find the process is not as complicated as it may appear. What’s more, there are several benefits for employers who participate in this program.
Understanding the Benefits of Cost Containment Certification
Let’s start with the dollars and cents. Every employer that obtains the certification receives a five percent premium discount on their next workers’ comp policy renewal. But there’s an even greater benefit: the potential to build a culture where employees feel safe. An organization with a good safety culture helps employees develop habits that minimize injuries and illnesses in the workplace.
According to Levy, that difference shows in the way a business performs, no matter the size of the operation.
“I will always remember one customer who operated a small feedlot in Eastern Colorado,” said Levy. “This policyholder applied for and obtained certification, even though they had only one employee. The premium savings was negligible, but they followed the six steps consistently and have not had a claim in the 12 years since they became certified. That is a remarkable accomplishment in an industry that deals with the unpredictability of animals, working in all types of weather conditions and using a wide variety of equipment.”
One of the key services offered by Pinnacol’s team of safety consultants is support for the CCC process. Here’s how Pinnacol can help:
- Call our Safety On Call hotline, available during business hours.
- View our CCC webinar. This program acquaints employers with the requirements and application process.
- Download a set of templates for all six steps. The samples are Microsoft Word documents that can be easily modified to fit the needs of employers in any industry.
- Pinnacol policyholders can also contact their assigned safety consultant for assistance.
Original article is printed on Pinnacol’s blog and used here with permission.