Monthly Archives: January 2020

Why Your Business Needs Workers’ Comp Coverage

Owning a business comes with many responsibilities. One of these is making sure your workers are protected if they fall ill or are injured while on the job. The best way to protect your employees in Lakewood, CO is by purchasing workers’ compensation insurance from Colling Insurance Services Inc. However, if you are like some business owners, you may not think this is a necessary expense. Keep reading to learn why this is so important.

It’s the Law

Colorado law makes it illegal to not carry workers’ compensation insurance if you have one or more full- or part-time employees. What this means is that if you are the only person working for your company, this insurance coverage isn’t needed; however, once you hire your first employee if you don’t buy it, you are breaking the law. This comes with significant penalties and fines, so make sure to get sufficient coverage to protect your workers.

It Creates a Safer and More Productive Workplace

When you purchase workers’ compensation insurance, you are creating a safer and much more productive workplace. This is because your workers are going to know you care about their well-being and that you are taking steps to ensure they are protected if an accident were to occur.

Protection from Lawsuits

Workers’ compensation insurance isn’t just beneficial for the employees. If you provide your workers with this protection and they begin to receive benefits after being injured at work, it means they no longer have the legal right to sue your business. For many employers, this is a huge relief.

If you are ready to invest in workers’ compensation coverage for your business in Lakewood, CO, make sure to find a company that can help you. Our team at Colling Insurance Services Inc. is ready to help you get the coverage you need for a price you can afford.

Why You Should Consider Commercial Insurance For Your Business

Lakewood, CO business owners need to make sure that they are providing themselves with the proper level of protection. Accidents, mistakes, mishaps, all of these incidents can take place at any time. That’s what makes commercial insurance such an important aspect of any business. 

Fulfilling Legal Requirements

Businesses do not always stop to consider the legal requirements that they need to fulfill. Colorado requires business owners of all sizes to purchase the necessary insurance. Colling Insurance Services, Inc. agents are on hand to explain these legal requirements so that a business owner can avoid costly lawsuits, fire damages and data breaches. 

Protecting Employees

Colorado requires businesses to obtain workers’ compensation insurance, as a means of protecting their employees. When employees suffer illnesses and injuries as the result of work related issues, the employer is on the hook for these expenses. Without commercial insurance, medical care, missed wages and even funeral benefits become the responsibility of the employer. 

Protecting Customers

In addition to protecting employees, a Lakewood, CO business owner will also need to make sure that their clientele remains protected. Property damage, product liability, personal injury and bodily injury are all crucial areas of consideration when it comes time to find the best commercial insurance policy for a business in the state of Colorado. 

Increased Credibility 

A business that does not take the time to consider commercial insurance is a business that is permanently damaging their own level of credibility. The average consumer is not going to want anything to do with a company that does not care about the welfare of their customers or their employees. Risk management is something that must be taken with the utmost level of seriousness if the business is going to thrive over the short term and the long haul.

If you would like to learn more about the ins and outs of commercial insurance, experienced Colling Insurance Services, Inc. agents are standing by. Be sure to stop by as soon as possible, so that you can receive a free quote with zero obligation.