{"id":711,"date":"2020-01-30T04:00:00","date_gmt":"2020-01-30T04:00:00","guid":{"rendered":"https:\/\/www.collinginsurance.com\/blog\/?p=711"},"modified":"2020-01-27T00:50:10","modified_gmt":"2020-01-27T00:50:10","slug":"why-your-business-needs-workers-comp-coverage","status":"publish","type":"post","link":"https:\/\/www.collinginsurance.com\/blog\/why-your-business-needs-workers-comp-coverage\/","title":{"rendered":"Why Your Business Needs Workers&#8217; Comp Coverage"},"content":{"rendered":"<p>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,&nbsp;CO is by purchasing workers&#8217; 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.<\/p>\n<p><strong>It&#8217;s the Law<\/strong><\/p>\n<p>Colorado law makes it illegal to not carry workers&#8217; 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&#8217;t needed; however, once you hire your first employee if you don&#8217;t buy it, you are breaking the law. This comes with significant penalties and fines, so make sure to&nbsp;get sufficient coverage to protect your workers.<\/p>\n<p><strong>It Creates a Safer and More Productive Workplace<\/strong><\/p>\n<p>When you purchase workers&#8217; 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.<\/p>\n<p><strong>Protection from Lawsuits<\/strong><\/p>\n<p>Workers&#8217; compensation insurance isn&#8217;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.<\/p>\n<p>If you are ready to invest in workers&#8217; compensation coverage for your business in Lakewood, CO, make sure to&nbsp;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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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,&nbsp;CO is by purchasing workers&#8217; compensation insurance from Colling Insurance Services Inc. However, if you are like some business [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[470,514,516],"class_list":["post-711","post","type-post","status-publish","format-standard","hentry","category-commercial-insurance","tag-colling-insurance-services","tag-inc","tag-lakewood-co"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.9 - aioseo.com -->\n\t<meta name=\"description\" content=\"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. 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