Pinnacol Assurance

7501 E Lowry Blvd, Denver, CO 80230-7006

For more than 100 years we’ve been caring for people by doing work that matters —delivering workers’compensation insurance. We embrace innovation and know that what was good enough for yesterday isn’t good enough for today, and what’s good enough for today isn’t good enough for tomorrow. If you inspire us with your passion for people, you’ll have a chance to impact lives and we’ll move together toward the future. And the view in Colorado isn’t bad, either.

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4.1

Overall Excellence Rating

Industry

Insurance Brokers & Agencies

Category

Insurance Carriers

ESG/Ethical Impact

It’s important to recognize, though, that our business faces headwinds. Workers’ compensation has been extremely competitive for many years now, and carriers are becoming ever more aggressive in their pricing and practices. Our policyholders and injured workers love us, but if we can’t provide the products Colorado companies want, the affection for our service will be a moot point for all but the highest-risk companies we are required by law to cover. Pinnacol’s statutory limitations hamper our ability to serve customers’ needs because we cannot bundle workers’ comp with other lines or easily cover our policyholders’ non-Colorado operations. As a result, our share of Colorado policies has shrunk even as the number of businesses in the state has grown. In fact, over the last 20 years we’ve watched our portion of the market’s policies decline. We are at an inflection point in this decades-long erosion of our ability to support business’ evolving needs. We embrace the essential role we play for Colorado businesses and workers. We will continue to pull every lever we can to innovate within our existing constraints while seeking opportunities to modify our statute in order to simultaneously fulfill our statutory mission and our business imperatives.

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Awards Received

2023

Revenues

$647,100,000.00

Website Traffic

Employee Rating

4.1

Customer Rating

4.9

Company Size

100-1000

ESG Risk Rating

3

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