Top 10 List of Work Comp Audit Errors
- Associations & Sponsor Groups
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Colorado Workers Compensation Laws
Workers compensation policy information for the State of Colorado
- State: Colorado
- Authority/Rating Bureau: NCCI, National Council on Compensation Insurance
- Compulsory: Yes
- Private Insurance: Allowed
- Self-Insurance: Allowed
- State Fund: Previous state fund was converted into a nonprofit workers compensation exclusive insurance company. Pinnacol Assurance now competes directly with private insurers in the State of Colorado.
- Assigned Risk: Pinnacol Assurance. Colorado residual market coverage is provided by the non-exclusive, or competitive, state fund.
- Numerical Exceptions: 1
- Individual Waivers Allowed: No. However, a person, company or corporation may not be construed to be an employer subject to workers' compensation liability under the specific criteria defined in section 8-40-302, C.R.S.
- Sole Proprietor: Excluded from coverage/may elect to be included - $49,800.00- Annual Payroll. Flat amount per year.
- Partners: Excluded from coverage/may elect to be included - Treated as sole proprietor
- Corporate Officers: Included in coverage, however those who own at least 10% of the corporations stock may elect to be exempt from coverage. $49,800- Minimum Annual Payroll.
- LLC Members: Treated as corporate officers, included but can elect to be exempt. Corporation status. Member defined as one who owns at least 10% of the membership interest and who controls, supervises, and manages the business affairs.
- Contractors: Subcontractors and independent contractors are considered employees of those they are performing work for unless very specific state rules are followed and interdependency is established. Proper documentation is also required in order to qualify for interdependency.
- Special Notes:
- Regulated By:
- Department of Workers' Compensation
- 1515 Arapahoe Street
- Tower 2, Suite 500
- Denver, Colorado 80202-2117
- 888-390-7936
- Colorado Division of Insurance
- Department of Regulatory Agencies
- 1560 Broadway, Ste. 850
- Denver, Co 80202
- 303-894-7499
- http://www.dora.state.co.us/insurance
- Workers Compensation Statute: Use this link to access Colorado statutes. Navigate to Labor and Industries, article 40 to 55.
- http://www.michie.com/colorado/lpext.dll?f=templates&fn=main-h.htm&cp=
- Information on this page is provided only as a reference. While we strive to mantain accurate information on this site please realize workers compensation laws are complicated and subject to change at any time. If you need help with a workers compensation problem or have a specific situation or question please contact our office. Otherwise please consult your states governing authority or an attorney in your state of residency for assistance.
- Authority/Rating Bureau: NCCI, National Council on Compensation Insurance
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