Contact

850 Chambers Avenue # 2
Eagle, Colorado 81631

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Tel: 970-328-2324

HoodInsurance@centurylink.net

in Partnership with Alliance Insurance Group.​

workers compensation

Protect your business with customized coverage from basic general liability to full BOPs with property, professional liability, workers comp and more.

Commercial policies depend on your companies needs, reach out and we can put together a quote from all the top carriers.

Colorado Specific information about the process here! 

1. Employee Work Illness & Injury Expenses

 

Workers' Comp can help pay for medical expenses and missed wages for employees who are hurt on the job. 

 

*Avg. Workers compensation claim costs ~$36,000.

 

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2. State Law Compliance

 

Most states require employers to carry Workman's Compensation Insurance as soon as they hire their first employee.

 

*Fines can cost $250-500 a DAY of being uninsured.

 

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3. Employee Injury Lawsuits

 

If your employee suffers an occupational injury your state doesn't require Workers' Comp Insurance to cover, the employee may sue you to recoup medical expenses. 

 

*Avg. of settled and defended employee lawsuit is $125,000!

3 ways it's necessary for your business

Workers' compensation is a form of insurance providing wage replacement and medical benefits to employees injured in the course of employment in exchange for mandatory relinquishment of the employee's right to sue their employer for the tort of negligence.

 

It also covers services needed to help an employee recover and return to work.

 

Workers' Compensation Insurance can pay for three things when an employee is injured at work:

 

  • Medical bills 

  • Recovery costs

  • Partially missed wages

 

If an employee dies, Workers' Comp can cover funeral costs and benefits to the worker's family. Depending on state laws and contract requirements, you may need this policy to cover employees, contractors, freelancers, or even yourself.

What does it do?