Workers Comp Rates in Colorado (CO)

Colorado workers comp rates are approximately 5% below the national average. Here's what Colorado business owners need to know about classification and premiums.

Colorado Workers Comp Overview

Colorado has mandatory coverage and uses NCCI classifications. Rates are moderate. The state's growing tech sector means many businesses may be over-classified if they started as something else and evolved into primarily office work.

How Colorado Rates Compare

With a state modifier of 0.95x, a business in Colorado paying $10,000 in base premium nationally would pay approximately $9,500 in CO. This makes proper classification even more important in Colorado — every misclassified employee costs more.

The most impactful thing a Colorado business owner can do is ensure that office, clerical, and administrative employees are coded separately from their operational staff. In CO, the difference between a clerical code (8810 at $0.16/$100) and a construction code (5403 at $9.42/$100) is massive — and that gap is amplified by the state modifier.

This guide is for informational purposes only and is not insurance advice. Colorado rates and requirements are subject to change.