Being an employer comes with many responsibilities and a lot of these are written in the Labor Code. For instance it has been deemed necessary to provide insurance for any work-related injury or illness suffered by employees. This is a legal requirement and ignoring it will only lead to bigger problems and higher costs. Employers who disregard this law can be heavily fined by state and prevented from using labor until the conditions are met. In addition the absence of insurance allows workers who suffer an injury on the job to file a lawsuit against the employer.
Given these facts it should be clear that it is in the best interest of all businesses operating in the state to acquire this type of insurance. Those who are not familiar with how to get California workers compensation may consult their lawyers for assistance. The California Department of Insurance will also be able to help with more detailed information about the subject. Business owners may call their office and set up an appointment. For convenience their website contains plenty of guides and FAQs.
Interested parties may browse the department’s list of authorized insurance providers and make this their starting point. Read the reviews for each from blogs boards and local publications. Ask other business owners about which one they use. Information about the insurance providers contracted by specific companies may be extracted from the Workers’ Compensation Insurance Rating Bureau. Members of business groups should use their connections to get practical advice on the matter. These groups are also able to negotiate on their member’s behalf for better terms. Shop and compare quotes to get the best deal possible. Aside cost have a look into their track record medical benefits industry affiliations accessibility and service indicators.
Do not be surprised if there is a great variance among the quotes for each. California does not currently regulate the rates for worker’s compensation. This makes it even more important for employers to be diligent during the selection process. Premium rates will be based on the history of work-induced injuries the known industry risks the payroll and many more.