Workers Comp For MMC, Optional Premises and Infused Products

by Greenpoint Insurance Advisors, LLC
?2012 All Rights Reserved

Colorado law is clear as it pertains to insuring employees of medical marijuana businesses?you must get a workers compensation insurance policy. These policies are designed to protect your business and cover your employees from workplace injuries, disease or death.? Our agency has seen severe burns, back injuries, and cuts using trimming equipment.

Limits for workers compensation insurance are represented as follows with varying limits of insurance:

Bodily Injury By Accident:?? $1,000,000 Each Accident

(Most paid for all damages covered because of bodily injury to one or more employees in any one accident)

Bodily Injury By Disease: ?$1,000,000 Policy Limit

(Most paid for all damages arising out of bodily injury by disease regardless of the number of employees)

Bodily Injury By Disease: $1,000,000 Each Employee

(Most paid for all damages arising out of bodily injury by disease to any one employee)

What Are The Penalties For Not Having Workers Comp In Colorado?

Up to $250 for each day you?re without workers compensation insurance.? Our agency has seen penalties assessed for over $8,000.? In addition, your business could be facing a cease and desist order and pay additional benefits awarded to the injured employee during the period you didn?t have workers compensation insurance.

I?m Ready To Get Workers Compensation Insurance For My Colorado Medical Marijuana Business?What?s Next?

It takes less than 10 minutes to complete our online application.? You need your tax identification number and last 4 digits of any owner.? Your information is confidential and shared exclusively with the insurance carrier. ?

Source: http://www.gpbusinessinsurance.com/workers-comp-for-mmc-optional-premises-and-infused-products/

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