Workers' compensation insurance is the only disability insurance that Colorado employers must provide for their employees under state law, which requires any business with one or more employees to carry workers' compensation insurance. Sole proprietors and partners in a business are not considered employees and are not required to be covered on a policy. Corporate officers and members of limited liability companies who are active in the company are considered employees, but they may be eligible to exempt themselves from coverage. They must meet certain statutory conditions to reject coverage. For information on other exemptions, please refer to Pinnacol Assurance's Employer's Guide to Workers' Compensation or contact the Division of Workers' Compensation.

For employees who are injured on the job or develop occupational diseases, workers' compensation insurance pays for medical expenses and partial wage replacement during periods of temporary disability (if an employee is unable to return to work within three days of the injury). It may also provide permanent impairment benefits for those who qualify. Workers' compensation also protects employers from lawsuits relating to workplace injuries. The cost of workers' compensation insurance is paid entirely by the employer and may not be deducted from an employee's wages.

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