Colorado is well known for its strong tourism and outdoor recreation industries. Coloradan small businesses are also active in the manufacturing, construction, aerospace, healthcare, financial services, restaurant, and retail industries. The state requires most of these businesses to carry workers’ compensation insurance (sometimes called workman’s comp).
The Colorado Department of Labor and Employment mandates: “All public and private employers in Colorado, with limited exceptions, must provide workers’ compensation coverage for their employees if one or more full- or part-time persons are employed.”
Getting traditional workers’ compensation can be time-consuming and expensive (more than 80% of small businesses are overpaying for coverage). Fortunately, Coloradan small business owners can get an online quote in 3 minutes and save up to 30% on workers’ comp with Pie Insurance.