A new California law now requires certain contractors to carry Workers’ Compensation Insurance coverage beginning 2023, even if they don’t have any employees. Business owners buy Artisan Contractor Workers Comp Insurance to protect your employees. Workers’ Compensation also Work Comp Insurance. It provides medical expenses, lost wages and rehabilitation costs for work related injured or sick employees. In addition, Artisan Contractor Workers’ Comp Insurance protects employers from legal costs if an injured employee decides to sue.
Workers’ Compensation Important Coverage List
- Medical Costs of an injured or sick due to work employee
- Lost wages for an injured or ill employee
- Ongoing care costs associating with the injury or illness
- Funeral costs of the deceased employee due to injury or illness caused from work
- Death benefits to a deceased employee’ family
- Employer’s legal costs if an ill or injured employee sues
Every business owner has a responsibility to provide safe working environment for employees. It is very hard and almost impossible to completely eliminate risk of employee injury or illness. Moreover, even with the strictest safety protocols and trainings, people still get hurt at the workplaces. This is why, it is very important to have Workers’ Compensation Insurance in place. It always provides financial protection to the employer and employees. Additionally, if your business is located in California, by law certain contractors must have Workers’ Compensation Insurance starting 2023, even if they don’t have any employees.
In addition to all mentioned above coverages, Workers’ Comp Insurance offers benefits to businesses to protect their assets. Having Workers’ Compensation coverage can help business owners financially when they face a lawsuit from an injured employee. This is why it is crucial to carry adequate Workers Compensation Insurance. We also offer, pay as you go payment option for most of the Workers’ Compensation Insurance. It is a premium payment plan that often allows employers to pay their Work Comp Insurance premiums based on actual payroll figures, not estimates as it was before.
If you are curious to learn about Workers’ Compensation Insurance more, please call us 877.344.1441. Our dedicated knowledgeable team will help you with all your insurance coverage needs.