Not everyone understands that workers’ compensation insurance is designed to protect both the worker and the employer. The protection for the employee comes from the fact that employers in the state of Colorado are required by law to carry workers’ compensation insurance. The employer must pay for this insurance and cannot deduct the expense from employees.
By having workers’ compensation insurance, employers are protected from lawsuits by employees due to on-the-job injuries. Employers who need help with workers’ compensation insurance should contact an agent at Colling Insurance Services Inc. serving Lakewood, CO.
Legal Responsibilities of Employees
If an employee suffers an on-the-job injury, the worker must promptly report the injury, file a claim with the help of the employer, and follow the rules. When an employee does this properly, the employee is entitled to compensation for medical expenses and may be entitled to lost wages for the time the employee is unable to work. If an employee dies due to an on-the-job accident, the employee’s surviving family members or beneficiaries receive a death benefit.
Legal Responsibilities of Employers
Employers in Colorado must have workers’ compensation insurance if they have a single worker or more.
Additional requirements for employers are:
- The business must put up a poster called “Notice to Employer of Injury” in a prominent place where all employees are able to see it.
- The employer must maintain records of all the on-the-job injuries and occupational diseases that happen and the work-time lost because of these.
- Employers must report injuries that cause lost work-time within ten days of injury’s occurrence by using the “Employer’s First Report of Injury” form. This form is sent to the insurer and then the insurer forwards a copy to the Colorado State Division of Workers’ Compensation.
- Upon an injured employee’s return to work, employers submit a “Supplemental Report of Accident” form to the insurer and then the insurer forwards a copy to the Colorado State Division of Workers’ Compensation.
The Extra Benefit of Maintaining a Safe Working Environment
Employers with a worker safety program in effect for one year and those that can document their safety record may qualify for a certificate that gives them a 10% reduction on the payments for workers’ compensation insurance.
Get a quote from your agent at Colling Insurance Services Inc. in Lakewood, CO for any workers’ compensation needs.