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What is Workers’ Compensation Coverage?


Workers’ compensation insurance provides medical and lost wage benefits to workers who are injured on the job. All businesses with employees operating in Colorado are required to have workers’ compensation insurance, regardless of the number of employees, whether the employees only work part-time, or if they are members of the same family.


PENALTIES FOR LACK OF COVERAGE Workers’ compensation insurance is required for all employers operating in Colorado, with limited exceptions. If you do not have workers’ compensation insurance, you can be fined up to $500 for every day you are uninsured. Your business may also be shut down. If one of your employees is hurt while you are uninsured, you will have to pay for the claim yourself as well as an additional penalty totaling 25% of the injured worker’s benefits. For more information go to Colorado Department of Labor website at: https://cdle.colorado.gov/dwc/employers


What Workers’ Compensation is Not


GENERAL LIABILITY VS. WORKERS’ COMPENSATION

General liability insurance may cover claims involving injuries and property damage caused by your products or services, but not injuries suffered by employees at work. Your general liability insurance will not cover workers’ compensation claims.


HEALTH INSURANCE VS. WORKERS’ COMPENSATION

Health insurance is designed to cover illnesses and injuries that occur outside of work. Health insurance policies generally exclude work-related injuries, so health insurance may deny a claim if the injury occurred while working. The only way to cover workers for work-related injuries is to get workers’ compensation insurance.


DISABILITY VS. WORKERS’ COMPENSATION

Disability insurance pays some of a worker’s earnings if the worker cannot perform their job due to an injury or illness. Disability insurance may apply to injuries and illnesses that occur outside of work. Workers’ compensation only covers injuries or illnesses suffered at work.


How Do I Get Workers’ Compensation Coverage?

Call A’Hern Insurance Agency 303-991-7177 or email office@ahernagency.com.




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