Colorado Workers Compensation Insurance Protecting Businesses and Their Employees from Loss

Even with precautions taken, accidents can happen. This fact is accurate for Colorado companies open for business. It doesn’t matter the size or scope of the business operations, incidents sparking death or injury may occur. Of course, this isn’t a topic business owners want to address; however, it’s essential to confirm protection is in place for all involved parties.

At Mountain Insurance-Montrose, we specialize in solidifying workers compensation coverage for Colorado businesses. Our agents partner one-on-one with business owners in Montrose and surrounding communities.

Colorado Workers Compensation Insurance Coverage for Small Business

If an on-the-job injury happens, workers comp kicks in to reimburse costs of medical care, rehabilitation, and lost wages for employees. For business owners, it covers the financial burden of lawsuits initiated by injured employees or their dependents. At its core, works comp insurance will:

• Pay for an employee’s medical treatment
• Replace lost wages if an injury requires time off work
• Secure the insured business and its assets

The process of securing works comp coverage differs depending on the state. Colorado law requires employers provide workers comp to their employees. Regulation information can be found through the Colorado Department of Labor and Employment.

Aside from incidents occurring within the workplace, workers comp extends to anywhere employees are working within the capacity of their job. This coverage capacity is important to note, as traditionally a significant portion of workers comp claims are products of car accidents when employees are on the clock. Natural disasters, violence in the workplace, and occupational illnesses are also accounted for within a policy.

Remember, workers comp coverage is not included within a typical business owners policy (BOP). Instead, it’s marketed as a standalone policy.

An Agency Experienced in Workers Comp Insurance 

Our workers comp selections are backed by coverage from approximately 14 carriers, including Pinnacol Assurance, Employers, Liberty Mutual, Travelers, and CNA. After taking time to determine accurate coverage for your business, we’ll pair requirements with the most fitting carrier on your behalf.

Together, we’ll review current coverage, check limits, and establish adequate protection. Service continues after the purchasing process. Our agents continuously monitor changes in workers comp regulations, and share developments directly with clients. We’ll work with you to keep premiums at a minimum.

For additional insight into workers comp and the commonly misunderstood questions regarding coverage, please continue reading here workers compensation faq's. If you’re interested in starting a policy, either contact an agent or request a quote.

Additional Resources:

• Workers Compensation Information for Colorado Businesses (Colorado Department of Labor and Employment)
• Timely Developments in Workers Comp Practices (Insurance Information Institute (III))
• Workers Comp Insurance Details (National Association of Insurance Commissioners (NAIC))

At Mountain Insurance-Montrose, we’re proud to offer workers compensation insurance in Montrose, Grand Junction, Ouray, Crested Butte, Gunnison, and Telluride, CO. We’re licensed to serve communities in Colorado.