Cheap Workers Compensation Insurance Quotes California

Since the state law of California requires businesses and employers to obtain workers compensation insurance, every employee is protected by this particular benefit. This is elaborated under the California Labor Code Section 3700, which states that businesses with more than one employee must obtain this insurance. It also provides protection for business owners in the event that one or more of your employees suffer from injury in the workplace, along with the long-term effects of that injury or accident.

The Division of Workers Compensation (DWC) is the one that regulates the workers comp insurance for businesses in California. They provide governance and also help to resolve disputes during claims.

Cheap Workers Compensation Insurance

California Workplace Injuries Statistics

According to California's Department of Industrial Relations , here are important statistics that relate to occupational injuries and illnesses in the state:

  • 422 workplace fatalities (up from 2017's 376)
  • 2.3% fatality rate (per 100,000 employees) - the national average is 3.5%
  • Majority of workplace fatalities involve transportation such as car collisions and vehicular accidents
  • 17% of overall fatality rate were due to slips and falls
  • 78% of non-fatal workplace injuries are in the private sector
  • Over 267,000 days spent away from work due to injuries or hospitalization

Cost of California Workers Compensation Insurance

The cost of workers compensation insurance in California is one of the highest in the US. The estimated cost of insurance is at $1.83 per $100 in payroll. The actual quoted insurance rates will vary based on providers and several factors such as the following:

  • Payroll
  • Number of employees
  • Claims history
  • Type of industry
  • Risk factor
  • Coverage limits
  • Location
  • Class Code
Cheap Workers Compensation Insurance

Minimum Coverage Requirements for Workers Compensation Insurance California

California state laws require that the basic coverage for workers compensation insurance include the following benefits:

  • Medical care
  • Disability benefits (temporary or permanent)
  • Job displacement benefits
  • Death benefits
  • Return to work supplemental benefits

Penalties at a Glance

As mentioned above, the labor laws in California require that all businesses with more than one employee must obtain workers compensation insurance. It is a criminal offense if you fail to obtain this type of insurance policy.

Depending on the investigation of the case, the penalties can be mild to severe. Your business might be issued a stop order, which would mean you have to stop operating your business for a predetermined period of time. The small business owner could also face jail time of up to a year and a fine of $10,000.

A lien could be filed against the employer to seize their property in order to liquidate them to pay for the benefits of an injured employee/s (if they are not insured by the business owner).

Finally, the Department of Labor Standards Enforcement can assess a penalty on the business owner to pay a premium to the employee that is twice the estimated cost of the actual premium (or $1,500 per employee or whichever is higher).

Statutes of Limitation for Workers Compensation Insurance in California

An employee that was injured in the workplace must file a workers comp claim within a year from the time the injury was sustained. However, this can be extended if any of the following conditions apply:

  • If the employee is below 18 by the time of the injury;
  • If the injury is of a repetitive stress in nature;
  • If the original injury resulted in additional injury.
  • Whether you have ten employees or a hundred, obtaining workers compensation insurance is a must to protect your business from financial loss. You can gather quotes from various insurance companies to get the best rates without compromising on the coverage that your employees and business can get.

    Cheap Workers Compensation Insurance Quotes Near Me

    Cheap Workers Compensation Insurance Quotes California

    Best Workers Compensation Insurance Companies

    Workers' Compensation Insurance California

    445 S Figueroa St #21a, Los Angeles, CA 90071

    (866) 789-5396

    No website found

    State Compensation Insurance Fund

    3238 S Higuera St, San Luis Obispo, CA 93401

    (805) 544-9120

    State Compensation Insurance Fund

    9801 Camino Media # 101, Bakersfield, CA 93311

    (888) 782-8338

    The Workers' Compensation Insurance Rating Bureau

    1221 Broadway, Oakland, CA 94612

    (415) 777-0777

    State Compensation Insurance Fund

    4740 Allene Way, San Luis Obispo, CA 93401

    (805) 544-9120

    State Compensation Insurance Fund

    10 E River Park Pl E # 4th, Fresno, CA 93720

    (888) 782-8338

    State Compensation Insurance Fund

    3247 W March Ln, Stockton, CA 95219

    (888) 782-8338

    State Compensation Insurance Fund

    900 Corporate Center Dr, Monterey Park, CA 91754

    (888) 782-8338