Insurance Requirements Brochure
How Do I Get Workers’ Compensation Insurance?
When starting a business in Colorado, you may need several types of insurance, including workers' compensation. You can get workers’ compensation coverage in one of two ways:
Insurance Carriers
Many employers purchase insurance from an insurance carrier just like they would buy auto insurance and other liability insurance. When buying insurance in the insurance market, most employers buy a policy from an insurance agent who writes the policy through an insurance company the agent represents. All workers’ compensation insurance in Colorado is sold by private insurance carriers; there is no state fund. Pinnacol Assurance is required to provide workers’ compensation coverage for any Colorado employer; however, there are more than 500 licensed insurance companies that can provide coverage.
Find a Workers' Compensation Carrier
When using the insurance carrier search tool, make sure to select "Colorado" from the "State" dropdown, select "Company" from the "Entity Type" portion, select "Workers' Compensation" from the "Authorized Line Type" and press "Submit" to see alphabetized results.
Self-Insurance
Click here for more information on self insurance.
For some employers, the option of self-insuring their workers’ compensation obligations is available. There are two kinds of self-insurance, individual and pooled.
Individual Self-Insurance
| For an individual employer to become self-insured in Colorado, the employer must meet the following requirements: | ||
|---|---|---|
| Been in business for at least 5 years or be a subsidiary of a company that has been in business for at least 5 years |
+ |
Have at least 300 full-time employees working in Colorado |
| or | ||
| Have, or have a parent company with, assets of at least $100 million | ||
All employers wishing to become self-insured must have an exemplary financial position and provide the following:
- Excess insurance coverage
- Security such as a surety bond
- Claims adjusting either internally or through use of a third-party administrator
If your company is interested in becoming individually self-insured, please contact the Division of Workers’ Compensation at 303-318-8700 or toll-free at 1-888-390-7936.
Self-Insurance Pools
If your business does not meet the requirements to be individually self-insured but is interested in joining or forming a self-insurance pool, please contact the Division of Insurance in the Department of Regulatory Agencies at 303-894-7499 or toll-free at 1-800-930-3745.
Workers’ Compensation Compliance Verification
If you would like to see whether a company has workers’ compensation insurance coverage, you can go to our online database at https://www.ewccv.com/cvs/.
To see if a company has rejected coverage, please see our real-time Rejection of Coverage database at https://dowc.cdle.state.co.us/WCCompliance.
Contact Us
Division of Workers' Compensation
633 17th Street, Suite 400
Denver, CO 80202
303-318-8700
1-888-390-7936 (Toll-Free)
cdle_wccustomer_service@state.co.us