Premium Denver Workers Compensation Insurance
As a business owner, you do everything you can to protect your employees from potential dangers, but do you have workers compensation protection? Most business owners understand that workers compensation is important, but did you know that if you have employees, it is required by law for most businesses to have coverage? Workers compensation is a type of insurance coverage that protects your employees in case of injury or disease during the course of employment. For anyone who is classified as an employee, it is required by law to provide them with Workers Compensation Insurance coverage. Employees can opt out of coverage, but if you do not offer it, you can be fined and could face a Class D felony charge with a mandatory minimum one year prison sentence. Termination of an employee who is injured while working and/or who files a Workers Comp Insurance Claim is also illegal. As a rule, a company with five or more employees is mandated to purchase Denver Workers Compensation Insurance to cover medical expenses, permanent disability, and a portion of the injured employee’s wages.