Colorado workers comp insurance requirements must be followed by all business owners, no matter the size of the company. In Colorado, all public and private businesses, with at least one (1) employee, either part of full-time, must carry workers’ compensation insurance coverage. There are minimal exclusions to this regulation, as indicated by the Colorado Insurance Department. Maintaining adequate workers comp insurance is vital to any business, in order to protects employees in the event of work-related injuries, as well as protect business owners from being sued by an injured employee.
Most workers compensation insurance plans will provide employees with compensation for lost wages, cover medical bills and rehab treatment, as they pertain to getting hurt on the job. In addition, if an employee dies, as a result of a work related accident, workers compensation coverage will pay an insurance benefit to the deceased family. Our affiliates at LocalInsuranceQuoteOnline.Com specialize in workers compensation insurance coverage in Colorado and can help you make the most informed decision for your business entity.
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