How to choose a workers’ compensation carrier

One of the givens of being an employer of even a single employee is carrying workers’ compensation insurance. In Colorado, such coverage is regulated by the state Legislature, and benefits are mandated by law. So are the penalties that can shut a business down.

In industries where the use of subcontractors is extensive, the principal contractor is well-advised to request the subcontractor’s certificate of insurance and to require a statement of indemnity in which the main contractor is held harmless for damages. In that very gray area of subcontracting, workers have successfully sued principal contractors for compensation.

Carriers, rates and servicesIn Colorado,…