Part of being a successful business owner is obtaining the right type of insurance. Do you have Colorado workers compensation? It is required for most businesses that employ people. There are a few exceptions, however, as outlined by the Colorado Department of Labor. Does your business fit into any of these exempted categories?


• Businesses with no employees besides the business owner may choose to not purchase workers comp.
• This benefit may not be required for individuals who perform irregular maintenance task if your business makes less than $2,000 in a single year.
• You may also be exempted if you have a part time domestic, maintenance, or repair business for private homeowners.
• Commissioned real estate agents and brokers may not have to be covered by workers’ compensation.
• Individuals who are independent contractors could be considered a legal exception to this law.
• Contract carriers may skip coverage for drivers under lease agreements.

Are you required to provide Colorado workers compensation? It is best to purchase coverage right away because there are consequences to being caught running your business without the mandatory insurance. Penalties could include hefty fines of $500 a day and local authorities shutting down your business until you obtain coverage.


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