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Colorado Workers' Compensation Insurance

Learn everything you need to know about worker's compensation insurance in Colorado.

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We’re available when you are – online and on your schedule. In less than 5 minutes, you could be on your way to a work comp quote.


Easy Process

Our proprietary online quoting tool makes it easy. Just answer a few simple questions about your business.


Affordable Rates

As an independent agency, we can shop around our network of carriers, and deliver the best quote to you.


Top Insurance Carriers

Every policy backed by leading insurance carriers known for their financial strength and customer service. All our carriers have earned a rating of A or higher by A.M. Best.


Trusted by Thousands

Since 2012, WorkCompOne has helped thousands of small businesses get the coverage they need to stay in compliance and protect their employees.


Made for You

It's work comp, simplified for small business. Our online platform allows top national carriers to serve all businesses – even those with less than 10 employees.

Small Business Work Comp Requirements in Colorado

Colorado requires all employers to carry workers’ compensation insurance, with few exceptions. The state has been dealing with similar issues as other states, including opioid abuse, mental health benefits and gig economy workers.

You are required to carry workers' compensation insurance in Colorado if:

  • You have any employees working in Colorado, even part-time.
  • You hire any workers, even if not employees. Common law guidelines distinguish independent contractors from employees, but Colorado is strict on this front: Subcontractors and independent contractors may be considered employees unless they fall under specific exceptions in the state law.

The state has a strict workers’ compensation system, with few exceptions.

Sole Proprietors and Partners

You are excluded from coverage, but have the option to include yourself.

Corporate Officers and Members of an LLC

Colorado includes you in coverage, but if own at least 10% of the company you can opt out of coverage. A rejection of work comp benefits must be done in writing.

Domestic Workers

Some domestic and maintenance workers that perform work on a limited, part-time basis for a homeowner may not need to be covered by law.

Colorado Workers' Compensation Rates

Colorado workers’ compensation rates are recommended by the National Council on Compensation Insurance (NCCI), which most states use as their rating bureau. NCCI collects data on workplace injuries and advises rates based on class code, or industry classification.

Small business owners can contact a licensed commercial insurance agent or carrier to buy workers' compensation coverage. The insurance carrier calculates the final premium cost based on the set rate, the company’s payroll and its Experience Modifier. 

The Colorado state legislature has made several recent changes to the work comp system. These include:

  • Created a voluntary benefits program for firefighters diagnosed with cancer.
  • Penalty money collected by the division will fund benefits to the injured workers of uninsured employers.
  • Expanded cases where workers can receive benefits for a PTSD diagnosis.

How to address opioid abuse, and workers’ compensation benefits for “gig economy workers,” such as Uber drivers, have also been recent topics of debate.

Tip: General liability and workers’ compensation insurance are the two most basic insurance policies that every business should have, but they’re often confused. Learn more about general liability >>

How to Buy Small Business Workers’ Compensation Insurance


1. Request Coverage

We've made it easy. Answer a few simple questions about your business, employees and payroll. 


2. Review Your Quote 

Receive an online quote from one of our top-rated carriers all rated A or higher by A.M. Best.


3. Purchase Your Policy

Some policies can be purchased online that same day — for near-instant coverage. 

Colorado has a private market, which means you can purchase workers’ compensation insurance from any private insurance carrier or agency that is licensed to write in that state.

Colorado Workers' Compensation Insurance Carriers

Commercial insurance carriers must be licensed by the state to bind workers' compensation policies in Colorado. WorkCompOne’s online platform makes it possible for leading national insurance carriers to serve all businesses, even those with fewer than ten employees. 

If you’re still having trouble finding coverage, you can contact Colorado's Pinnacol Assurance, which will provide you with coverage.

Self-insurance, either individually or as a group, is also allowed. This is typically an option for larger employers.


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