Get Better Quotes 35+
Real Experts- Trusted
As of 2018 workers' comp rates in Colorado were 15% below than the national average. Colorado has historically been an affordable state for coverage. CO Rates arfe expected to decrease throughout 2019, but many experts believe rates may harden next year.
Colorado is an NCCI state like most other states. This means that NCCI oversees employers' experience modifiers and collects all data for the state including claims, class codes, premiums, and payroll. They analyze this data and make annual recommendations to carriers and to the CO Department of Insurance. Every Insurance company is required to file their rates with the state for approval each year.
Workers' compensation rates may still vary for the same class codes in Colorado because insurance companies can apply policy credits and debits up to 25% to adjust their filed rates. More discounts may also be added to a policy depending on the size of payroll and overall claims experience.
Don't get stuck paying too much for your workers' comp coverage. Our agents know how to get you the lowest rates for your business. Call us today to find out how knowledegeable agents, expert advice and more choices lead to the best workers' comp quote.
Ask about our
Pay As You Go plans designed to improve cashflow and bullet-proof your audits.
What influences my workers comp insurance cost?
Insurance companies file their "base manual rates" for approval with each state for all class codes. Rate recommendations are generally made to the state and carriers annually by the
National Council on Compensation Insurance.
Employee claims are reported to NCCI and statistically compared with all other
similar type businesses using the same class code in each state. An
Experience Modification Rate may apply to your business after a few years of coverage.
Insurance company underwriters are permitted to make premium rate adjustments based
on unique factors about your business, safety practices, and management
experience in most states.
Insurance companies may apply policy credits and debits to the base
manual rates. Additional discounts can be applied to premium as the total payroll &
Smart Agents with expertise in workers' compensation insurance utilize this information to negotiate your insurance rates with underwriters. A good narrative about your business helps
insurance companies justify a better price.
We Track and Monitor Filed Rates for Most State Class Codes. Select Codes Listed:
The workers' compensation rates listed represent the current insurance rates we've found in 2020. Colorado rates are regulated by the Colorado Department of Workers Compensation and the Colorado Division of Insurance. Insurance companies may be able to offer discounts and credits on workers comp coverage. We also offer Pay As You Go insurance coverage in Colorado. Not all employers will qualify for the lowest rates or maximum policy credits. Our agency helps Alaska employers buy workers' compensation coverage at the lowest rates available.
Pinnacol Assurance used to operate as the exclusive State Fund for CO, but now they are a non-profit and compete directly with private carriers. Workers compensation rates vary by industrial classification codes and insurance company underwriting standards. Employers' who have an Experience Modifier assigned to their business may have additional credits or debits applied to their insurance rates based on prior premiums and workers compensation losses. We shop for lower workers compensation rates in Colorado.
State Resources for Colorado
Colorado Department of Workers' Compensation
1515 Arapahoe Street Tower 2, Suite 500Denver, Colorado 80202-2117888-390-7936 https://www.colorado.gov/pacific/cdle/dwc
Colorado Division of Insurance
Department of Regulatory Agencies1560 Broadway, Ste. 850Denver, Co 80202303-894-7499 https://www.colorado.gov/dora/division-insurance
Colorado is under the Jurisdiction of the National Council for Compensation Insurance (NCCI) and contracts with Travelers as the state fund carrier.
Our agency helps employers find guaranteed state fund workers' comp in CO. If we can't find more affordable coverage with a private insurance company, we can help you buy a state fund policy.
New Business or Lapse in Coverage?
NO PROBLEM, WE CAN HELP.
No Money Down
Tough Class Codes
Easy Payment Plans
Quick & Accurate
Ready to Start Your Quote?
Don't settle for cookie-cutter rates
Get more information about workers' compensation in Colorado:
Workers Compensation Info
Workers Comp Programs
National Broker Services