Get the Coverage You Need for Your Small Business
Did you know that businesses in California must have Workers' Compensation, even if that business only has one person? Additionally, you may need Workers' Compensation insurance if you have employees that regularly work in California. However, getting the right plan doesn't have to be overwhelming.
At PolicySweet®, our insurance team can help you choose the right plan for your business. Continue reading to learn more about Workers' Compensation insurance in California or request a free quote today.
Who Needs Workers' Compensation in California
California has strict guidelines for Workers' Compensation insurance. In most cases, you will likely need to obtain Workers' Comp for everyone who works for you, including independent contractors that you hire and part-time workers. In some cases, you may be able to get a waiver for independent contractors, but that could still expose you to liability.
What Happens if I Don't Have Workers' Compensation?
Business owners that fail to maintain Workers' Compensation may face fines of up to $10,000 and could spend time in prison. They may also be subject to a fine of up to twice the premium the employer would have paid per employee during the period they went without coverage.
Additionally, if the employee was injured during that period, the Uninsured Employer's Benefit Trust Fund can file a lien against the business to help cover the cost of the injury and related expenses.
Do I Need Workers' Compensation if I Am an Independent Contractor?
In California, you do not need Workers' Compensation if you are self-employed and do not employ anyone else.
Why Purchase Workers' Compensation From a Private Company?
While you can purchase Workers' Compensation from California's state fund, you might find that it makes more sense to buy your plan from PolicySweet. See why a private plan can be the right choice.
You May Get a Better Rate
When it comes to buying Workers' Compensation, it could be more affordable to go with a private plan.
We Offer More Options
When you choose state insurance, you could be limited to what they offer. We may be able to provide other types of small business insurance plans like a BOP which includes general liability, property insurance, and cyber security.
Great Customer Service
When you work with a private licensed insurance company, they typically have a dedicated representative to help assist you through the entire process. At PolicySweet, we offer extended business hours from our friendly customer service team.
How Much Does California Workers' Compensation Cost?
Several factors determine how much your policy could be. We calculate the cost based on the number of employees you have, payroll, job-related hazards, claim history, and more. Then we tailor a unique plan for your business. Contact us today to get a free quote.
Why Choose PolicySweet?
Please Note: State-specific information is subject to change at any time. Always consult with your state’s official information and resources for the most accurate information.