Workers Compensation Insurance in California is mandatory by law.
We serve and protect California’s small-business owners like you and your employees with affordable and reliable Workers Comp Insurance. It is mandatory by law that business owners conducting any business in California must have Workers Comp Insurance. Most importantly, even if they have only one employee. For example, when your employees get hurt or become sick, because of work, you as a business owner are responsible to pay them Workers Comp benefits. Therefore Workers Compensation Insurance protects your employees and their families from unexpected injury-related medical expenses. Business owners, that do not have Work Comp Insurance, face fines and penalties. Furthermore, if a work-related injury or sickness occurs, or an employee sues, business owners might pay all expenses out of their own pocket if they are not covered by the Workers Comp Insurance.
We offer a very convenient program- Pay-as-you-go workers’ compensation insurance which is increasing in popularity in the business world. Eliminating up-front costs and outdated payment methods are two of the biggest reasons businesses are turning to pay-as-you-go for workers’ comp insurance. Compared to an estimated annual payroll amount, pay-as-you go relies on real-time payroll to calculate workers’ comp premiums. As a result, premium payments calculations are more accurate. This means less of a chance to pay too much throughout the year. This also means, have a premium adjustment at the end of the policy term due to under-reported payroll.
Pay-as-you-go workers comp is simply an alternative way of making your premium payments. It’s not different insurance, and it doesn’t replace your workers comp insurance. Moreover, your responsibility to pay premiums, collect/issue certificates of insurance from subcontractors, etc. Furthermore, a state-approved workers comp insurance carrier will provide you with Workers’ Compensation Insurance.
With that said, there are compelling reasons for small businesses to consider the pay-as-you-go method of paying workers’ comp insurance costs. You can get a free and fast Affordable Workers’ Comp Insurance quote by clicking
here.
