DENVER – Pinnacol Assurance, Colorado’s leading workers’ compensation insurer, announced today the recipients of the company’s fourth annual Circle of Safety Awards. This year a total of forty-five policyholders from across the state were recognized for their exceptional performance in safety, loss control, and financial and claims management.
“This is a select group of Colorado organizations that have demonstrated a long-term commitment to sound risk management practices,” said Ken Ross, Pinnacol president and CEO. “In fact, less than one percent of our policyholders meet the criteria for this award. We are delighted to recognize the leaders and employees of these forty-five organizations for their exceptional efforts and results in maintaining safe workplaces.”
The Circle of Safety Award recognizes that improved risk management is the result of a circle of many people working together. From top management and frontline employees to Pinnacol representatives and the policyholders’ agents, everyone has a hand in making Colorado workplaces safer.
Pinnacol policyholders were eligible to receive the Circle of Safety Award if they met the following criteria:
- .85 or less Experience Modification Rating each policy period
- Combined four-year loss ratio of 25 percent or less
- 80 percent or more of all claims reported within 48 hours (combined four-year history)
- Designated providers each year
- Two or less notices of cancellation each year
- No non-compliant audits
- Must currently hold the State of Colorado’s Cost Containment Certification
- No fatalities
- Approved return-to-work program
Of the 2011 honorees, 9 have received the Circle of Safety recognition for four years in a row. Another 14 are new to the list, indicating how businesses are raising the bar in workplace safety.
The complete list of honorees is available here.