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Unemployment & Worker's Compensation
Unemployment Compensation Rate State unemployment insurance rates vary among established employers, depending upon the history of taxes and benefits paid, and the Unemployment Insurance Fund balance. The majority of new employers are charged the beginning base tax rate of 1.7 percent plus an annually computed surtax, currently at .22 percent. A solvency tax surcharge of 1.2 percent also exists, resulting in a combined rate of 3.12 percent on the first $10,000 of each employee’s calendar year earnings. If you have further questions, contact the Unemployment Insurance Tax Branch (303) 603-8231 or 1-800-480-8299 or the Colorado Department of Labor and Employment-Unemployment Taxes web site. Worker's Compensation Insurance  Worker’s compensation insurance is purchased through private insurance companies in
Colorado. There is not a state fund.The Colorado Legislature created Pinnacol, a non-profit insurance carrier, to sell worker’s compensation insurance. It is not, however, a state agency. Pinnacol can be reached by calling 303-782-2241 or 888-852-2241. Businesses are encouraged to shop for the best rates and service as they would for any other form of insurance. The Colorado Division of Workers' Compensation offers services to help insurance companies, medical providers, attorneys, employers, and employees comply with the provisions of the Workers' Compensation Act. They may be contacted at 888.390.7936. Mor information is available on their website, as well. |
