All California employers must secure workers’ compensation insurance to protect their company and employees. Even if there is one single employee, this insurance is still required. This coverage protects employers from claims resulting from injuries to employees. It protects your business from lawsuits and provides employees with compensation for on-the-job injuries.
WORKERS COMPENSATION INSURANCE
Workers’ compensation benefits can include:
Replacement income
Medical expenses
Permanent disability payments
Costs for retraining
Vocational rehabilitation consultants
Managed prescription drug program
Benefits to survivors of workers who are killed on the job
In exchange for providing the coverage, the employee is unable to take the issue before a court of law.
The coverage pays for sums for which you are legally responsible because of the bodily injury by accident or disease that was sustained through their employment. Policies may allow business owners to add or remove certain coverage, but it is worth remembering that removing coverage will take away certain protection. If your employees operate business vehicles, then additional insurance may be needed to protect your vehicle and team behind the wheel.
Examples of injuries that are covered by workers’ compensation insurance include common accidents, such as tripping in the office, slipping on wet flooring, getting burnt or injured by fire, and injuries sustained from lifting heavy equipment. Workers’ compensation insurance is not just limited to incidental accidents. It can cover problems and illnesses that develop over a period of time, such as carpal tunnel or back issues from repetitious movement on the job.
However, the payout can be denied if the employee was under the influence of drugs or alcohol at the time of the incident. Furthermore, insurance may not cover situations where the accident was self-inflicted, a law was being violated at the time of injury, or the employee was not on the job when the injury occurred.
Health & Integrative Insurance Solutions, Inc. understands the concerns of business owners. We are a business, too, after all. Let us help you navigate the wide world of insurance! Using our established connections with top-rated carriers, we’ll help you find effective and affordable options that readily meet the demands of your business.