workers

Why a Sole Proprietor Should Have Workers’ Compensation Insurance

Posted Fri 14th Sep, 2012 | by Jennifer Crichton | on Legal Insights

Under the Colorado Workers’ Compensation Act, any sole proprietor actively engaged in the business may elect to be included by endorsement as an employee of the insured and shall be entitled to elect coverage regardless of whether such sole proprietor employs any other person under any contract of hire. Thus, while workers’ compensation insurance for a sole proprietor is not required, the Act enables sole proprietors to obtain coverage for themselves.  In an effort to …