Workers' Compensation

Do You Need Coverage?  Most Businesses Do. 

Workers' Compensation

Do You Need Coverage?  Most Businesses Do. 



Your Local Agent for Colorado's #1 Workers' Compensation Insurer, Pinnacol Assurance.

Workers Compensation Insurance

Colorado's Choice for Workers' Compensation.  When you choose Pinnacol, you gain a level of expertise that you're unlikely to find with other insurers.

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Workers' Compensation


What does it cover?


Workers compensation coverage pays for medical care and physical rehabilitation of employees injured at work and helps to replace lost wages while they are unable to work. Additionally, this coverage protects an employer from being sued by an injured worker in most cases.

Bassett Insurance Group can help your business find complete solutions to your unique workers compensation insurance needs.  We'll find solutions that create safer and more productive workplaces, more confident and secure workers and overall savings you'll see on the bottom line.


Do you need it?


Most businesses do. Colorado law requires companies to purchase workers compensation insurance as soon as they hire their first employee.


Sole proprietors and business partners, on the other hand, are not considered employees and aren't required to be covered on a policy.


Corporate officers and members of limited liability companies, who are active in the business, are considered employees and must be covered under a workers' compensation policy. Officers and LLC members who own at least 10 percent of the business can choose to reject coverage for themselves.


How is my premium calculated?

  • Payroll is one of the primary factors used to determine workers' compensation premiums, although it is not the only one.
  • Classification Codes assigned to your industry (e.g., painting, retail, etc.) by the NCCI. This code is based on the history of injuries associated with your industry.
  • Experience Modifier is a numerical rating assigned to your policy, based on your company’s accident history. This number is used as a multiplier against the average premium rate of companies in your industry — in other words, a painting business is compared only to other painting businesses.