Colorado Work Comp Class Codes
Looking for Colorado workers compensation class codes? Colorado uses the standard NCCI classifications, as do most states. NCCI stands for “National Council on Compensation Insurance”.
You can view our free online guide to locating NCCI codes for your state by clicking the image to the right.
For authoritative information, you can purchase and NCCI scopes manual, as well as other underwriting material from ncci.com.
For other helpful underwriting products and services, you can visit the NCCI Online Catalog, or the IRMI Online Catalog.
Colorado Workers Compensation Rates
Looking for Colorado workers compensation rates? Visit our page for workers compensation rates by state. Our list contains estimated base rates for the state of Colorado. Rates will vary from one insurance company to another. Rates will also vary based on other factors such as:
- Years in business
- Experience Modification Rate (MOD)
- Size of deductible
- Years of consecutive coverage / gaps in coverage
- Financial condition of the company
- Trajection of the company size (increase or decrease)
- Employee turnover rate
- Quality of safety programs (if any)
- Employee return-to-work programs
- And many other factors!
Division of Workers’ CompensationState Resources for Colorado Workers Compensation
633 17th Street, Suite 400
Denver, Colorado 80202
Department of Labor & Employment
633 17th Street, Suite 200
Denver, Colorado 80202
Colorado WC Laws
Colorado is a “mandatory” work comp state. This means that employers are required to provide workers compensation insurance for their workforce. There are a few circumstances where workers compensation insurance is not mandatory. These exemptions include:
- Maintenance and/or repair work accruing less than $2,000 per calendar year
- Drivers under a lease agreement contract carrier
- Part time maintenance or repair work for a private homeowner
- Real estate agents and brokers that are licensed and work on commission
- Independent contractors who provide for-hire transportation jobs
- Host home services – residential services and support
- Federal employees (covered under federal laws)
- Railroad employees (covered under federal laws)
- If employer has a qualified for self-insurance program
- **Sole proprietor & partners are not required to provide WC insurance for themselves
As stated earlier, Colorado employers are required to provide workers compensation insurance for all employees. However, independent contractors are not considered to be employees of a business if they meet the following criteria:
- Independent contractor does not posses control or direction over how the service is performed
- Independent contractor must have a continual history of engagement with other companies related to the service being performed
- Typically, an independent contractor should not provide more than 60% of his annual work for a single company
Colorado Workers Compensation Class Codes