Introducing Occupational Accident Insurance for Colorado Owner Operators

Introducing Occupational Accident Insurance for Colorado Owner Operators



June 14th, 2023


Workforce Insurance Underwriters is thrilled to announce the launch of our Truckers Occupational Accident Insurance program, now available in Colorado!  With this innovative protection plan, Owner Operator truck drivers across the state can enjoy greater peace of mind when navigating life on the road. 

 

On May 8th, 2018, then-Governor John Hickenlooper signed Senate Bill 18-178 into law.  This new regulation amended the state's Workers Compensation Act to provide coverage for Owner Operators through either Workers Compensation or Occupational Accident Insurance as of November 8th that same year. 

 

After a lengthy four-year period, the Colorado Division of Insurance has implemented regulations around the new law, including minimum coverage requirements.  The new regulations (Regulations Number 3 CCR 702-4:4-2-87) took effect on November 30th, 2022, 

requiring Occupational Accident Insurance limits of $1,500,000 CSL. 


To learn more about Workforce Insurance Underwriters and our new Truckers Occupational Accident Insurance program for Colorado Owner Operators, click here.


Follow us @workforceinsurance on LinkedIn, Facebook, Instagram, and YouTube.

AGENT USE ONLY

AH-5012

Close-up of an orange highlighter marking

Achieving Your Q2 Goals: How Workforce Propels Truck Insurance Agents to New Heights

24 Apr, 2024
April 24th, 2024 | As we step into the second quarter, Truck Insurance Agents are presented with a fresh opportunity to reassess their strategies, set new objectives, and drive their businesses toward greater success. In an industry as specialized and dynamic as Trucking Insurance, understanding your market and leveraging the right partnerships can make all the difference. This is where Workforce Insurance Underwriters steps in, offering a comprehensive suite of solutions and a revolutionary service model designed to empower agents like you.
A close-up of a basketball with text overlay comparing Death benefits vs. Survivor benefits.

March Madness Showdown: Death Benefits vs. Survivor Benefits in the Occupational Accident Arena

03 Apr, 2024
April 3rd, 2024 | As we dive into the heart of March Madness, the excitement isn't just reserved for the basketball court. Owner Operators and Motor Carriers face their own bracket-style showdown when choosing the right Occupational Accident Insurance coverage options. Today, we're putting two critical players head-to-head: Death benefits vs. Survivor benefits. Like in the NCAA tournament, understanding each player's strengths and strategies is essential to making informed decisions that help protect your Motor Carrier client's financial future.
Two trucks driving on the highway represent the challenge of obtaining Workers Compensation coverage

Mixed Fleet Workers Compensation Challenges

07 Mar, 2024
March 6th, 2024 | Navigating the intricacies of Workers Compensation coverage is like a complex puzzle, where each piece must fit with precision to ensure complete protection. For Insurance Agents who cater to the dynamic world of Trucking, the puzzle becomes even more challenging when their Motor Carrier clients operate with a mixed fleet of drivers – both Owner Operators and Employee Truck Drivers. This unique structure demands a careful approach to Workers Compensation that understands the distinct needs of each driver type and can secure comprehensive coverage that aligns with the often-competing regulations and expectations of both groups.

The Essential Guide to Non-Trucking Liability for Insurance Agents

29 Feb, 2024
February 28th, 2024 | Risk management is paramount in the specialized market of Owner Operators and Motor Carriers. As an Insurance Agent, offering a comprehensive portfolio that covers all aspects of your Motor Carrier clients' needs is crucial. One often overlooked but critical aspect of protection is Non-Trucking Liability (NTL) insurance. This coverage steps in when trucks are used for non-business purposes, providing a valuable safeguard against unexpected incidents.
Orange

Unlock New Business Opportunities with TripExcess®

22 Feb, 2024
February 21st, 2024 | As an Insurance Agent, you seek a solution that checks all the boxes: comprehensive, flexible, accessible, and most importantly, affordable. Your journey ends with TripExcess®, an innovative one-way Excess Automobile Liability, Excess General Liability, and Excess Cargo Insurance solution designed specifically for your needs and those of your Motor Carrier clients.
Matchstick boxes with 'Occupational Accident' and 'Contigent Liability' written on them.

Occupational Accident and Contingent Liability: The Perfect Match for Your Business

14 Feb, 2024
February 14th, 2024 | As Valentine's Day approaches, our minds often turn to thoughts of love, affection, and the perfect pairings. But this year, let's take a moment to think outside the heart-shaped box. What if I told you that one of the most powerful duos isn't found in a romantic movie but in the practical world of insurance?
Sun setting on American football field, symbolizing a Sunset clause in Contingent Liability policies

Don't Let the Sun Set on Your Coverage: A Super Bowl Strategy to Avoid Getting Sacked

08 Feb, 2024
February 7th, 2024 | Just as in the Super Bowl, where every second counts, the same applies to your insurance coverage. Whether you're a Motor Carrier or Insurance Agent, staying ahead of the game means understanding the ins and outs of your insurance policy, particularly when it comes to the Sunset clause in most Contingent Liability policies.
Man having pain in neck due to a Pre-Existing Condition

The Possible Hidden Dangers of Excluding Pre-Existing Conditions in Occupational Accident Insurance Policies

25 Jan, 2024
January 24th, 2024 | As we journey through the twists and turns of the Trucking industry, there are certain road signs we can't afford to ignore. One such critical milestone is understanding the concept of Pre-Existing Conditions and their implications on Occupational Accident Insurance policies.
Public Relations (PR) officer working at press conference or media event

Driving Peace of Mind with a New Workers Compensation Facility

18 Jan, 2024
January 17th, 2024 | JACKSONVILLE, FL - Workforce Insurance Underwriters, LLC, a Managing General Underwriter (MGU) leading in the specialized market of Owner Operator Truckers and Motor Carriers, today announced a strategic partnership with an AM Best A (Excellent), rated insurance company to offer a tailored Workers Compensation solution to Motor Carriers operating with a mix of Employee Drivers and Independent Contractors.
A whiteboard with numbered New Year's Resolutions repeating the words

New Year, New Policy: Why Occupational Accident Insurance Should Be Your Resolution

10 Jan, 2024
January 10th, 2024 | As we usher in the New Year, it's a time for celebration, reflection, and resolution. Among the common pledges of healthier eating, increased exercise, and improved financial management, there's another resolution that should be on your list for 2024 - Occupational Accident Insurance.
More Posts
Share by: