Anytime lawmakers push for changes in labor laws, there is a ripple effect for employers. Sometimes the changes are small enough to only require a simple adjustment of policy. Other changes affect a business’s bottom line.
It might sound overwhelming when a bill with several changes moves through the legislature. For employers wanting to know what is on the horizon, it is important to keep up to date.
Workers’ compensation changes
As Business Insurance reports, the Colorado legislature is considering a bill that would make a number of shifts to the laws surrounding workers’ compensation. This bill includes guidelines for employers or insurers on how to determine benefit amounts for medical impairments. It also requires certain reporting of active medical treatments lasting longer than 180 days.
Another change enables claimants to receive mileage reimbursements on any treatments more than 100 miles from their home.
One large shift involves workers killed on the job. The bill aims to raise funeral benefits from workers’ compensation up to $12,500 from $7,000.
Changes to employer policy
Each of these may come with an impact on how Colorado employers do business. It may be that workers’ compensation costs more to cover the increased benefits. Some changes, like the active reporting, may imply new procedures that need new business policies written for them.
While this bill has not passed yet, it is still important to keep an eye on the future. When drafting new agreements, procedures, or policies, business owners may wish to lean on any resource available to make sure those drafts avoid any violations to new state laws or employee rights.