Employers are often faced with issues regarding their workers, especially pertaining to injuries incurred at the workplace, or while the employee is on their way to work. The important thing to consider is that not all types of insurance will cover these types of injuries properly, and you have to know which ones are worth considering and which ones are not.
A work injury Workers Compensation Insurance Colorado policy is mandated. It’s what the government requires employers to offer – unless the employee is self-insured – and it can earn you a hefty fine if you don’t pay for it. Workers’ comp covers the costs of paying your employees while they recover as a result of an injury, so they can focus mainly on getting better and not have to worry about supporting themselves or their families.
Another type of insurance you can consider is general liability insurance, which can help cover the costs of damages and injuries incurred by a third party. This type of insurance can be very important when your workers are performing their jobs on someone’s property – such as for roofing technicians or renovation experts.
Regardless of the type of insurance policy you want to use, it’s important to take a close look at the available coverage that it provides. Always make sure that the cover is consistent with the risks associated to the type of work that your employees are doing.