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.
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