The fourth blog in our series on bar and tavern insurance discusses workers compensation.
If you have employees, you must have workers compensation insurance. Bars have many things that can injure employees. How many wine glasses get broken while they are being polished? What happens when a broken glass stem cuts into an employee’s wrist? Floors get wet and people are in a hurry and slip. You know it will happen eventually, and what’s more, in Colorado the fine is $500 per day for every day that your business doesn't have workers compensation insurance. Compare that to the cost of the insurance.
Part 1 - General Liability Insurance
Part 2 - Liquor Liability Insurance
Part 3 - Property Insurance
Part 4 - Workers Compensation Insurance
Part 5 - Business Income Coverage