Workers Compensation

Employers should dedicate ample attention and resources to the health and safety of their employees. A productive and capable workforce is one of a company’s most valuable resources and even isolated incidents can have far-reaching repercussions. Consider the potential consequences of workplace injuries and illnesses and how the ability to curb them may make workers’ compensation insurance one of the most essential investments your business ever makes.

How Workers’ Compensation Insurance Works

Like many types of insurance, workers’ compensation policies act as contractual agreements between your company and its carrier. As long as your coverage remains active, you and covered employees can file a workers’ compensation claim following on-the-job injuries and illnesses. Your insurance company may issue a payout to alleviate out-of-pocket financial burdens and enable ideal recoveries if approved.

What Does My Policy Cover?

A workers’ compensation insurance policy may include various facets and financial protections, but typically, they can help limit the monetary ramifications of many common workplace incidents, including the following:

• Falls

• Sprains

• Strains

• Lacerations

• Burns

• Exposure to hazardous materials

In response to covered incidents, payouts may be key in helping affected employees manage the following expenses:

• Medical bills

• Lost income

• Disability benefits

• Vocational rehabilitation

• Death benefits

Additionally, many workers’ compensation insurance policies include employer liability coverage, which can assist with attorney fees and legal costs should an affected employee choose to sue your business.

Do You Need This Insurance?

Although some exceptions may exist, employers in California are generally required by law to carry workers’ compensation insurance. Even if your business does qualify for an exemption, carrying a policy is still highly recommended. Without coverage, your employees could lack the means to recover from workplace ailments and may have little choice but to sue your company for damages. This could lead to issues involving attraction and retention, as well as reputational harm and reduced prospects for your business.

We’re Here to Help

Contact CCI Insurance Services today to learn more about workers’ compensation coverage or to get a free quote.