Colorado workers' compensation rates continue to decrease in 2020.

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 knowledegable agents, expert advice and more choices lead to the best workers' comp quote.

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Workers Comp Rates are an Art & Science

What influences my workers comp insurance cost?

Your State & Class Codes

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.

Your Claims or Losses

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.

Prior Experience & 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.

Policy Credits and Debits

Insurance companies may apply policy credits and debits to the base manual rates. Additional discounts can be applied to premium as the total payroll & premium increases.

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.

CO Rates for Select Work Comp Class Codes

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.

Class Code & Description Low Rate High Rate
0035 Farm-Planting & Harvesting-Cannabis Growers $1.52 $3.34
0042 Landscaping Service $3.07 $6.75
0106 Tree Trimming-Pruning-Removal $5.90 $12.98
0917 Residential Cleaning Service-Housekeepers $3.47 $7.63
2121 Breweries-Craft Beer $0.78 $1.72
2143 Winery-Wine Makers $1.56 $3.43
2585 Carpet Cleaning $2.87 $6.31
2589 Dry Cleaning & Laundry Services $1.95 $4.29
3632 Machine Shop $1.79 $3.94
3724 Garage Door Installation $1.73 $3.81
3821 Salvage Yard-Automobile Recycling $4.21 $9.26
5022 Masonry Construction $4.21 $9.26
5102 Door & Window Installers $3.40 $7.48
5183 Plumbing Contractors $2.24 $4.93
5190 Electrical Work-Electrician $1.64 $3.61
5221 Concrete Work-Flat Work-Cement $3.73 $8.21
5223 Pool Installation-Pool Maintenance $3.93 $8.65
5348 Ceramic Tile & Stone Work $2.45 $5.39
5437 trim-Finish Carpenters-Cabinets-Countertops $3.95 $8.69
5445 Drywall Contractors $3.81 $8.38
5474 Painting Contractor $4.28 $9.42
5478 Flooor Installers-Wood-Carpet-Laminate $2.79 $6.14
5535 Metal Building Construction $4.57 $10.05
5537 HVAC-Heating & Cooing Service/Repair $2.37 $5.21
5537* Solar Energy Contractors-Installation $2.37 $5.21
5551 Roofing Contractors $8.58 $18.88
5606 Asphalt & Paving Work $0.55 $1.21
5645 Residential Construction-Home Builders-Remodelers-Siding $6.79 $14.94
6217 Excavation & Grading Work $2.64 $5.81
6400 Fence Installation & Repair $3.55 $7.81
7219 Trucking-Short & Long Haul $4.42 $9.72
7225 Towing Company $3.87 $8.51
7230 Package & Parcel Delivery $5.26 $11.57
7370 Non Emergency Medical Transportation-Taxi-Limousine- Airport Shuttle $2.65 $5.83
7605 Alarm Installation & Repair $1.04 $2.29
7720 Security Guards-Patrol Officers $2.15 $4.73
8006 Gas Stations-Convenience Stores $1.37 $3.01
8017 Retail Stores_Merchandise-Cannabis Dispensary $1.06 $2.33
8292 Warehousing & Storage Facility $2.41 $5.30
8380 auto Service & Repair-Mechanic $1.55 $3.41
8393 Auto Body Repair $1.02 $2.24
8742 Sales Professional $0.17 $0.37
8810 Clerical-Office Employee $0.08 $0.18
8824 Retirement Living Centers-Congregate Communities $2.05 $4.51
8829 Nursing Homes & Assisted Ling Facilities $2.05 $4.51
8831 Animal Shelters & Kennels-Veterinarian $1.00 $2.20
8832 Medical Office-Doctor-Dentist-Chiropractor, Optometrist $0.28 $0.62
8835 Home Healthcare Workers $1.45 $3.19
8842 Group Homes-Temporary Shelters-Disability Facility $2.20 $4.84
8864 Social Services Organizations-Counseling-Family Services $2.11 $4.64
8868 religious Organizations-Church-Temple $0.36 $0.79
8869 Child Care Center-Daycare Providers $0.86 $1.89
8917 Retail Stores- Merchandise- Cannabis Dispensary $1.06 $2.33
9012 Property Management-Leasing Agent $0.57 $1.25
9014 Janitorial Service Contractors-Pest Control-Exterminating-Chimneys $2.61 $5.74
9015 Building Maintenance-Campgrounds-Camps-RV Parks $2.33 $5.13
9052 Hotels & Motels $1.89 $4.16
9060 Golf Courses & Country Clubs $1.22 $2.68
9063 Fitness Centers-Health Clubs-YMCA Programs $0.81 $1.78
9082 Restaurants-Catering $1.00 $2.20
9083 Mobile Food Truck-Food Cart $1.03 $2.27
9083* Fast Food Restaurant-Concessions-Doughnut Shop $1.03 $2.27
9084 Bars-Taverns-Nightclubs $1.27 $2.79
9102 Lawn Service & Maintenance $1.83 $4.03
9180 Shooting Range-Amusement Park $4.45 $9.79
9402 Septic Tank Cleaning-Portable Toilets $2.86 $6.29
9403 Refuse Collection-Garbage-Trash Service $4.81 $10.58
9516 electrical Equipment Repair & Service $2.12 $4.66

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 500
Denver, Colorado 80202-2117
888-390-7936
https://www.colorado.gov/pacific/cdle/dwc

Colorado Division of Insurance

Department of Regulatory Agencies
1560 Broadway, Ste. 850
Denver, Co 80202
303-894-7499
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.

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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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