Since the earliest days of workers’ compensation, Pinnacol Assurance has been here for Colorado.

During the Industrial Revolution, as heavy machinery and assembly lines became commonplace in factories across the nation, work-related injuries began to soar. Civil lawsuits against employers took years to settle and employees often ended up dependent on welfare or the charity of others.

So in 1915, the Colorado General Assembly passed the Workers’ Compensation Act. At the same time, Pinnacol Assurance was created as the assured source through which any Colorado business could obtain workers’ comp coverage.

Purpose of Workers’ Comp
In simplest terms, workers’ compensation insurance creates a pact between employers and their employees: Employers are mandated to cover medical care and provide wage replacement for injured workers; in exchange for this protection, workers’ compensation is the exclusive remedy for workers injured on the job.

Pinnacol’s Impact on Colorado
Pinnacol’s financial reliability — five consecutive years of premium reductions, general dividend distributions and our “safety net” role in insuring any Colorado business, regardless of its size or accident history — make us a stabilizing force in Colorado’s business community.

In fact, Colorado has the eighth-lowest workers’ comp premiums in the United States, according to the National Council on Compensation Insurance.

Maintaining Pinnacol’s health and stability, and treating others as we’d like to be treated ourselves, has yielded positive results again in 2009: