Denver labor bulletin., 1915-07-17
STATE BOARD CUTS
LABOR RISK RATE
Workmen's Compensation In
suranCe Fund Finally Fixed
Coal Companies Are Permitted to Form
MutualInsurance and Charge Them
selves IS on Each 500 Of Payroll

ed stock insurance companies will be
charged by the state workmen's compen-
sation fund for furnishing employers in
surance for their employees under the
workmen's compensation law which goes
into effect Aug. /.
The state industrial commission, which
will administer the state fund, has an
nounced its rates to be charged for in.
surance in the various industries and
with the announcement let it be known
that not only will the rates be per
cent less than those of the stock COM
panies, but that the state fund will
participate in the merit system of
rating
The private companies will allow the
state fund to participate with them in q
bureau OF inspection that will put each
individual employer subject to the law
upon his merits concerning safety and
sanitary precautions in his plan, while
at the same time the state fund will
charge the employers less for furnish
ing them insurance than the private
companies will
Follows New York Plan.
The new York state law eompels the
New York companies to allow the state
commission to participate in their
bureau. Colorado's law has no require
ment of the kind Yet the state indus
trial commission was able to induce the
companies to allow it to participate.
Employers taking out their insurance
with the state fund not only will be
charged per cent less in their prem
iums. but will be returned dividends by
the fund after 10 per cent has been set
aside to build up n reserve fund under
the law.
Practically the same system is in
force in New York where the-state fund
has just reported that it returned S307,-
542.4i TO policy holders after setting
months operating time while charging
lower rates than the private liability
companies
II is estimated the New York fund
saved employers operating in it $4,000
in the first year. The Standard on and
American Locomotive works have Just
transferred their insurance from stock
concerns TO the state fund.
There are 500 industries for which
rates have been fixed in Colorado.
Rates Given on 500.
The following rates, given for the pur-
pose of illustration, are based on 500
OF payroll or salary:
Hotels Excluding laundry .-.s 40
Automobile livery, garages and
taSicab stations, employees of
garage excluding chauffeurs and
clerical office employees. . 20
Chauffeurs .......... l.26
Clerical office employees OF
Barber shops .42
Beet sugar manufacturing. . l.ee
Boot and shoe manufacturing. . 20
Candy manufacturing . &c
II
organist and members of choir. OF
All employees engaged in care, GUS
tody and maintenance of prem
iscs, including elevator attend
ants .-...--.--.-.... -S5
Creamerics ........... SO
Dyeing and cleaning. g....... 9.5s
Flour mills .......... l.35
Hay, straw and feed dealers. . 81
Ice cream manufacturing. $500. so
Lunch rooms and restaurants. IS
Paper hanging ....., .6T
Paper stock and rag dealers. $3.50. 3.3G
Photograph studios mot producing
moving ricturcs) . IL
Plumbing, including house eonnee-
tions. must include shop payroll
~ any .-....-.-s--.- -oi
Printing ........--....... so
Rubber tire dealers. sale, repair
ana Nulcanizit-. lnctuuinZ au-
iustment of tire to vehicles away
from premises of assured ... so
Grocers. retail 90
Window cleaning .......... $50
Blasting operations .....-... 1859
Newspaper publishing .....,..... .S5
Gold mines A2s
Grist mills ............... l.S5
Chocolate manufacturing .... 4:
Express eompanies--opcrstron ... LA
Scaffolds. installation, operation
and removal Observation-Disclosures. 4.2l
Scrap iron and junk dealers, shop
and outside Observation-Disclosures. 600
Firemcn 7.57
Elcctrotyping ...... .... 20
Embroidery manufacturing. . is
Cloak manufacturing .. is
Pickle manufacturing ...... l.0l
Drug manufacturing ... AZ
Building moving .......... 5.04
May Form Mutuals.
The private insurance companies an
nounced that they had reduced their
premium rate to be charged Colorado
coal employers from S7.i1 on each Sloo
of payroll TO 81 on each 500 of payroll.
This action followed the announce.