Guest Post: Why Do You Need Workers' Comp? December 12,2019

From our friends at Pinnacol

Workers' compensation insurance protects employers and their injured workers by paying for medical expenses and a portion of lost wages when an employee is injured on the job
. Workers’ compensation is also designed to ensure that injured workers get the type of specialized care they need to get back to work healthy, safe and as quickly as possible.

Most businesses need it. Colorado state law, which passed in 1915, requires a business to have workers' compensation coverage if they have even one employee. Learn about the Workers' Compensation Act and Pinnacol's history. Your insurance policy is meant to protect both your company and your employees. If you're a sole proprietor, or work with independent contractors, you may not be legally required to obtain workers' compensation insurance. Watch this short, informative video to learn more about the difference between employees, independent contractors, and subcontractors.

For information about workers' comp insurance and Colorado's statute, rules and more, please visit the Colorado Division of Workers' Compensation website.

And to get covered, contact CRA partner Pinnacol to get started.

Photo by Kaboompics .com from Pexels

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