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Workers Compensation Insurance for Colorado

Workers Compensation Insurance Colorado

Why does Colorado require me to carry Worker’s Compensation insurance? Because you own a business with at least one full or part-time employee!

Most consumers and business owners are familiar with the term Workers Compensation as a means of coverage for an employee’s medical expenses and/or lost wages as a result of a work-related injury, illness, or death. But did you know that your Independent Contractors in the State of Colorado could be considered employees?


Independent Contractors in the State of Colorado are considered employees unless they meet the following requirements (Colorado Employer’s Guide):

  • They are free from direction and control in the performance of the work; AND
  • They have an independent business doing that specific kind of work.

Many businesses may try to save operating costs by not carrying this valuable coverage but failure to do so could result in one or more of the following penalties (Colorado Employer’s Guide):

  • State Imposed Fines of up to $500 per day for each day uninsured,
  • Your business  may also be shut down
  •  If one of your employees is hurt while you are uninsured, you will have to pay for the claim yourself and an additional penalty totaling 25% of the injured worker’s benefits.

By working with multiple financially stable companies, our office is able to shop and compare multiple quotes to find you a suitable combination of coverage and price for your business. Our office, as well as many carriers, also offer Risk Management and Safety Tips to protect your employees from being injured on the job.