CA workers comp insurance is required for all employers, including those who have even one single employee. This coverage is designed to protect workers from injuries on the job, as well as to protect businesses from the potential lawsuits that could be filed by injured employees if they didn't have the coverage. According to state law, not having coverage is considered a misdemeanor crime that is punishable by up to one year in county jail or up to $10,000 in fines, or both in severe cases. The bottom line is that your business needs coverage.
Getting CA workers comp insurance is fairly simple. There are plenty of companies that sell the coverage in varying limits and coverage amounts, depending on your exact business needs. Workers comp will cover things like lost wages, medical expenses and doctor bills, and other financial expenses that are incurred as a result of the injury or the time off work needed for recovery. This allows employees to continue supporting themselves and their families when they are unable to work. Without this coverage, businesses would have a lot more lawsuits on their hands because employees need that money to pay their bills when they cannot work due to an injury or illness.
CA workers comp insurance covers injuries that occur on the job as well as injuries that happen due to accidents off the job site when business-related activities are taking place. This insurance can also cover some illnesses, as long as they are relevant to the job or business in question. The exact benefits that are given to employees vary based on the injury or illness and its severity. In the event that a death occurs on the job, workers compensation also provides coverage to pay a death benefit to the family of the employee.
CA workers comp insurance has been around since 1910, and the state was actually responsible for causing many other states to create their own workers comp laws and regulations. This protection is older than Social Security and many other common protections that are now in place for employees and businesses today. Any company that operates in California has to have workers comp coverage for its employees, no matter what. The amount of coverage that a business gets is going to vary based on their specific needs, but must meet the state minimum law requirements in order to keep the company out of legal trouble.
JG Hoggins specializes in educating readers about Business Insurance, business owners are encouraged to read all JG Hoggins articles relating their subject business.
Article Source: http://EzineArticles.com/?expert=JG_Hoggins
No comments:
Post a Comment