Whether you’re employed by a big company based in Denver, or you work up in the Rocky Mountains, chances are you’ll spend most of your life at work. This opens you up to the risk of injury and illness caused by your job.

Colorado Workers Compensation
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In Colorado, employers that have one or more employees must have worker’s comp insurance. This covers work-related illness and injury, regardless of where the fault lies. In exchange for this compensation, an employee gives up the right to file a lawsuit against their employer.

Before you hire a Colorado worker’s compensation lawyer, you should first understand everything there is to know about workers’ compensation in Colorado.

In this article, we’ll discuss five things all workers should know about Colorado workers compensation.

1. Every Worker Requires Colorado Workers Compensation

Workers comp insurance is required by all employees of any private or public business. If you carry out any work for a business, you are generally regarded as an employee.

There are several exceptions to this rule. A sole proprietor, corporate office, or member of a limited liability company (LLC) may not be required to have this insurance in certain situations.

2. You Don’t Need Colorado Worker’s Compensation If You’re Self Employed

If you’re self-employed, you don’t necessarily need to have State of Colorado worker’s compensation. That said, it might be in your best interests to get worker’s comp insurance.

You do have the option to elect for self-coverage if you are a sole-proprietor. This could cover you for lost wages, and other vital benefits if a work-related injury or accident happens.

3. Colorado Worker’s Compensation Is Required for Part-Time Workers

You may assume that, because you’re a part-time employee, your employer won’t have to cover you with worker’s comp insurance.

You’d be wrong. All employees must be covered by workers’ compensation insurance, regardless of how many hours they work each week.

4.Independent Contractors Are Not Required to Have Worker’s Comp Insurance

If your company hires independent contractors to carry out jobs for you, you are not required to provide worker’s comp insurance for them.

If they wish to have worker’s compensation insurance, then they can take this out for themselves. They can do this as a sole proprietor or self-employed person.

5. There Are Penalties for Not Having Worker’s Comp in Place

The penalties for not having worker’s comp insurance in place in Colorado could be large. If you lack the proper cover for your business, a cease and desist order may be issued against your business. You will then need to stop all activities until you take out the right insurance.

If you don’t have Colorado division of workers compensation insurance in place, it could land you with fines. These could be up to $250 per day that there was no cover in place.

If you have more than one violation, this could rise up to $500 each day.

Get Your Employees Insured

All companies that have one or more employees need to have colorado workers compensation insurance, regardless of the number of hours worked by the employee.

If you don’t have insurance in place, you should get it set up as soon as possible or face substantial fines.

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