December 17, 2012

Workers Compensation Insurance

How To Get Affordable Workers Comp Insurance for Your Business

As a business owner, you do everything you can to protect your employees from potential dangers—but do YOU have protection for if your employee has an accident at work and decides to sue you?

WorkersCompWorkers comp insurance is required by California law, so at Cornerstone, our goal is to make sure you get a plan that

  1. fits your budget
  2. provides you with the most protection, and
  3. meets state standards.

Make sure that you have the right protection for your business! Call an independent business insurance agent at Cornerstone Preferred Insurance in Glendale or Santa Clarita. You can also get a quote online. Our business insurance specialists will shop for the best prices and make sure that your business is fully covered!

Frequently Asked Questions about Workers Comp’ Insurance in CA

What is workers’ compensation?

Workers compensation insurance is a type of coverage that protects your employees in case of injury or disease during the course of employment. Worker’s Compensation Policies can provide coverage for:

  • Medical expenses
  • Lost income/wages
  • Rehabilitation costs
  • Death benefits

Who is required to have workers comp in California?

Any business with an employee of at least 1 person must have workers comp insurance. Even out-of-state employees must have workers compensation insurance if they are regularly employed in California.

Do sole owners need to be covered by workers’ comp?

Usually, sole owner coverage is optional; however, you should consult with your insurance agent about this. You will need to consider a number of different laws to make this decision.

How much will my premium be?

Your premium will be based off a number of factors, including:

  • Industry classification
  • Number of past injuries at your work place
  • Payroll
  • Eligibility for special programs

Different carriers will have different rates, so it’s good to shop around for the best prices; however, it’s important to consider what the carrier is offering. You may want to pay a little more for better service, good doctors, and an insurance carrier that is familiar with your industry.

To make sure that you are getting the best price for your specific needs, call our business insurance specialists in Glendale and Santa Clarita! They will shop the best insurance plans for you for no extra cost.

Get more information about workers’ compensation laws at the Department of Industrial Relations.