How does workers' comp work in Colorado?

Colorado represents one of the most affordable workers compensation markets in the country. CO is an NCCI state and under the jurisdiction of the National Council on Compensation Insurance. The state used to manage its own state fund program under Pinnacol Assurance. However, Pinnacol was transformed into a private insurance company during the 1980's. Today Pinnacol competes with over 300 other insurance carriers authorized to do business in Colorado.

Because there are so many providers and competition is so fierce, rates in Colorado remain low. Because of this competition it is very important for employers to shop their policy with as many carriers as possible. This is where Workers Compensation offers a distinct advantage. We partner with more than 20 carriers who are actively writing policies in Colorado. Through these partnerships our agents can negotiate for the best possible coverage at the cheapest rates in the country.

Don't spend too much on your workers' comp policy. Get a free no-obligation quote online or give one of our agents a call at 888-611-7467.

Workers' Comp Rules & Information for Colorado

Colorado Division of Workers' Compensation

Division of Workers' Compensation.
633 17th Street, Suite 400
Denver, CO 80202
1-888-390-7936 (Toll-Free)
[email protected]

What is Workers' Compensation?

The basic purpose of the Workers’ Compensation is to provide wage replacement benefits and medical treatment for employees who have been injured or become ill due to a work-related injury or illness. It prevents the employer from bearing the costs of injuries that occur during normal business operations.

Reporting injuries in Colorado

In the state of Colorado employers are required to report an injury within the first 10 days no matter how minor the injury may be. This can be done so be filling out the Employer's first report of injury form.

How does workers' comp help my employee?

Employees benefit from workers' comp coverage by having lost wages covered while they are hurt or sick and not able to work. It also pays for medical costs they might incur as a result of the sickness or injury.

Who determines the medical provider?

In the state of Colorado the employer or insurance company has the right in the first instance to select the physician who attends to an injured employee. Colorado requires a list of at least four physicians or corporate medical providers, be provided by the employer in order to give the injured employee the opportunity to select a treating physician. If no physician is properly assigned than the employee may attend the health care provider of his or her choice.

How does workers' comp help my business?

Your business benefits by not being liable for injuries that occur as a part of normal business operations. This applies whether the injury was the fault of the business or was caused by negligent actions of the employee.

State Insurance Directives Regarding Covid-19

To prevent cancellations/nonrenewals due to nonpayment, CO directs insurers to take “reasonable accommodations” such as: 1) extending grace periods; 2) waive late fees; 3) moratorium on cancellations for non-payment; 4) defer non-renewal underwriting actions; and 5) provide continuation of coverage for expiring policies. Such accommodations should be available to the policyholder, and clearly explained on the insurer’s website, for as long as the Orders are in effect or until the Bulletin is rescinded, whichever is later.For all Colorado resident personal and commercial policyholders, AmTrust is willing to make reasonable accommodations to prevent individuals and businesses from losing coverage due to cancellation for the non-payment of premium during this unprecedented time. Such accommodations may include, but not be limited to: (i) extension of premium grace periods; (ii) waiver of late payment fees; (iii) a moratorium on cancellations for non-payment; (iv) temporarily suspend any non-renewal underwriting actions; and, (v) provide a continuation of coverage for any expiring policy. Please contact your AmTrust representative for further information; FAQs Guidance: 1) If a cancellation/nonrenewal notice was sent before the March 27 moratorium but the nonrenewal/cancellation is effective after March 27, CO “requests” that insurers work with consumers as much as possible, understanding that the effects of COVID-19 may have been felt by policyholders prior to March 27. 2) Insurers may still cancel/nonrenew on the basis of fraud or material misrepresentation. Auto insurers may cancel/nonrenew because of the suspension or revocation of the named insured’s driver’s license. 3) Insurers may cancel at policyholders request. 4) For new business, a decision to discontinue the new policy during the first 59 days is not considered a cancellation subject to the moratorium. 5) Declining an application for coverage that was never bound is not considered a cancellation and is permitted.

Mandatory order in effect from 03/37/2020 - further notice.

State Orders Regarding Insurance Claims Related to Coronavirus

No current state orders.

Specialized Programs for Select Industries

We work with our national insurance partners to develop targeted programs with easier underwriting requirements and lower rates. We offer a broad range of business class codes that help streamline the quote process so you get the lowest price for coverage.

Knowing the Colorado workers comp requirements can help lower the cost of coverage.

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Colorado Work Comp Information

Colorado Independent Contractors

If a business hires an independent contractor they may be subject to providing comp coverage for all labor unless the Independent Contractor is free from the control and direction of business owner, makes a living at the service being performed and is performing a duty not normally done by an employee of the business.

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Workers' Comp Includes Employers Liability Insurance?

Employers liability insurance is an additional layer of coverage included as part of a workers' compensation insurance policy. Employers Liability is known as Part 2 of the policy. It adds two additional coverages for employers:

Employers Legal Liability and Legal Defense Costs

In today's world, there are a variety of reasons employees and third-parties sue employers for damages. Here a some common types covered by employers liability insurance:

Third Party Lawsuits

Your employee sues another party that may have contributed to the injury, In turn, the third party sues your business.

Consequential Bodily Injury

Another party or individual is injured while providing care for the injured employee.

Dual Capacity Legal Action

An employee files a claim but also attempts to sue the employer for being responsible in other ways outside of the employment relationship.

Loss of Consortium

A spouse sues for damages caused by the loss of companionship or relations.

Employers Liability coverage is not included with coverage in the four monopolistic states. Employers in these states can endorse this coverage onto their General Liability policy. That coverage is commonly known as Stop Gap Coverage.

Workers' Comp Covers CO Employers from Injury Related Expenses & Lawsuits
Employers liability insurance is included under a workers' comp policy in most states.
  • Employers liability coverage is not included in all monopolistic states.
  • All NCCI and most other states' coverage includes employers liability insurance.
Visit NCCI for more resources and information about workers' compensation class codes. Visit United States Department of Labor for more information about government agencies managing workers compensation insurance rates.

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