You should start by reading the guidelines and state regulations on California workers compensation insurance. This type of insurance covers injuries and diseases that are work related no matter what they are. Although this insurance is important for employers it might not be very necessary in certain types of jobs like low-risk jobs such as administrative tasks; however as an entrepreneur who employs people to work for your company there are a number of reasons why you would want to buy California workers compensation insurance.
You need to buy workers compensation insurance for the safety of your employees. Especially if your business exposes your employees to health hazards you want to make sure that they are properly covered. This insurance will cover things like loss of limbs and injuries repetitive motion and other diseases that are work related injuries sustained at work the cost of medical treatment loss of income and liability for lawsuits filed by disgruntled employees.
Employees have the right to make claims if they suffer injuries due to the nature of their work and smart employees can cost you a lot of money and get your reputation right down in cases of lawsuits. You want to protect your business with the right workers compensation insurance policy. Even if the employee is responsible for injuries or has been careless enough to get injured or sick the fact that the injury occurred while he or she was at work makes you liable.
The cost of the insurance will depend on the risk associated with the employee’s job. Roofers for example have the highest risk in their occupation and their workers compensation insurance will certainly cost higher than that of employees in other occupations. The office clerk insurance rate in California is $1.25 per $100. This means that $1.25 will be deducted for every $100 the employee earns. If your employees experience the highest level of exposure it is advisable that you take their insurance seriously. In the event of a lawsuit your company will be paying huge sums of money for compensation something you may not want to experience.