Because of alarming increases in the number of injuries and resulting costs of workers’ compensation to Colorado Employers, the state legislature enacted the Premium Cost Containment Program in 1989. Under this program, employers who implement and maintain a standardized loss prevention/loss control program, and achieve certification status are eligible for a reduction on their workers’ compensation insurance premiums. By preventing injuries and lowering costs of claims, these employers also contribute to the stabilization and possible reduction of the standard rates set for their respective industries.