Starting a business in Colorado opens the door to risks. You need insurance designed for your industry and business size. We customize plans for more than 20 industries. Pick coverage below to start a quote today.
Essential coverage for your Colorado business
When you also have at least one employee
* Plus Workers Compensation
All standard plan benefits and:
Whether you’re looking to satisfy Colorado requirements with workers comp and disability insurance or know insurance is the only way to protect your finances, we’ve got you covered.
The broadest and most common form of coverage to protect your business against bodily or personal injury, property damage, and even death due to negligence. It covers certain obligations for which you are held responsible, such as medical expenses or damage to property of others.
Commercial Property Insurance protects physical assets owned by your business, including the building and its contents. Depending on your chosen coverage, it can safeguard you from certain caused by natural disasters such as fire and lightning, along with theft, water damage, vandalism, and other risks.
A mandatory coverage required by the state of Colorado, Workers' Compensation is a must if your business has employees. It provides coverage toward medical expenses and lost wages due to job-related injuries or occupational illness.
Per Colorado law, all vehicles used for the business, whether owned or leased, must carry at the least the state minimum coverage limits for bodily injury and property damage liability. Collision and comprehensive coverage are also available with a Commercial Auto Insurance policy.
Professional Liability Insurance, also called Errors and Omissions Insurance, protects your business against lawsuits or liability due to the actions of your business or your employees as well as a failure to act. This coverage is well-suited for businesses that give advice to clients.
Provides coverage for loss of income due to fire, theft, wind, falling objects, and other covered perils. This coverage pays toward continuing expenses such as electricity, mortgage, salaries, storage fees, leased equipment, and other normal expenditures while your business is inoperable.
Insurance premiums are calculated depending on the types of coverage selected, the coverage limits you've selected, the size of your business, and other factors that are unique to your business and help insurers undertand the risks for your Colorado business.
To get a quote on Colorado business insurance, you'll need to provide details about the parts of your business you are insuring. Commercial Auto Insurance will require details on the vehicles you're insuring. Business Liability Insurance will require details on what your business does or sells. Claims history and revenue history will also be required.
Colorado business insurance rates are based on unique risks and chosen coverage limits. Our experts can advise you if there are any specific causes for higher rates and if steps can be taken to lower risk or premiums. Additionally, choosing a higher deductible can often lead to lower premiums.
Your coverage needs might be simple, or more complex, depending on your unique business. Most Colorado businesses need Workers' Compensation coverage. Commercial Auto Insurance is also required if your business operates cars or trucks. Beyond state required coverage, Business Liability Insurance is a common starting point, with additional coverage customized from there.
CoverWallet utilizes state of the art technology to help small businesses understand and buy customized coverage, get significant savings and conveniently manage their insurance, in a matter of minutes, all through our online platform.
You wanted better protection and cheaper pricing. So did we. We baked that dream into everything we've set out to accomplish in building our award winning platform.
We have one! How much could we have really improved the insurance purchase process? Try us! We ask only the questions you need to answer, nothing more.
We've built all our fancy tech from scratch, which allows us to get you certificates on demand, free of charge, and for us to find you savings.
Being a small business presents several challenges that may need more assistance. While CoverWallet provides you the best insurance, you can also consider these references to further support your small business:
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