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.
What You Need to Know About Workers' Compensation Insurance in California
Find out factors that you need to know about when purchasing and maintaining your Workers' Compensation plan in California.
What Is Workers' Compensation Insurance?
Workers' Compensation insurance, or Workers' Comp, is an insurance plan that could cover your employees if they are injured or fall ill while at their workplace or as a direct result of performing their job. It can also help protect the employer from bearing the expenses of these injuries.
What Does It Cover?
Workers' Comp could cover expenses related to your employee's injury or illness. This may include medical care, lost wages, disability benefits, supplemental job displacement benefits, and other benefits. While there are regulations on what your plan must cover, it is always a good idea to go over the details of your plan with a licensed insurance agent like the team at PolicySweet.
California Is a No-Fault State
Workers' Compensation is mandatory in California, but its benefits go beyond that. California is a no-fault state, meaning that employees don't have to prove that their employer was at fault for the incident. They only need to prove that it happened at work or as a direct result of work. This can allow for them to get the compensation and care they need faster. It also means that they likely will not be able to sue you as long as you have the appropriate plan.
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.
How to Get the Best Rates on Workers' Compensation Insurance in California
Step 1: Answer a Few Questions
If you want to start protecting your business, answer a few questions to get started. We'll get to know your business and determine the amount of coverage you need.
Step 2: Get a Quote
Once we know more about your insurance needs, we'll give you an honest, upfront no-obligation quote.
Step 3: Get Quality Coverage
Workers' Compensation is one of the best ways to help protect your business from unnecessary fines and liabilities while ensuring that your employees' needs are met. If you accept the policy terms, you could be insured as soon as the next business day.
Why Choose PolicySweet?
At PolicySweet, we are on a mission to help make it easier for small businesses to get the coverage they need to help protect their businesses, their employees, and themselves. We have years of experience in the industry. Contact us today to learn more about our commitment to you.
What Our Clients Are Saying
Purchase Workers' Compensation Today
Are you ready to make the switch and find out how we can help you save money on your California Workers' Compensation insurance? Contact us today for a quote or to learn more about our small business insurance plans.
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.