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BenefitSource Insurance Services, Inc.

28 Argonaut, Suite 100
Aliso Viejo, CA 85254

Worker's Compensation in California

Whether you have one or 100 employees, Workers' Compensation Insurance is required in most states. Last year, workplace injuries affected thousands of employees and cost U.S. companies more than $110 billion. Chances are, your business will eventually have to deal with a workplace injury, which means that you will also have to deal with a workers' compensation claim.

This insurance works twofold:

  • It protects employees by providing benefits for job-related injuries and illnesses.
  • It protects you and your company by eliminating related lawsuits.

It's important that you have the right workers' compensation insurance for your business's needs, as every business has different requirements.

Determining Your Workers' Compensation Insurance Needs

Think of workers' compensation as a legal compromise: in return for compensating employees who require medical treatment or who miss work due to a workplace injury, employers avoid costly lawsuits. Workers' compensation also protects employees who might not be able to support themselves or their families because of a work-related injury.

Workers' Compensation Insurance premiums depend upon the nature of your business, the jobs your employees perform, and the number of hours they work. Each job type is assigned a classification code. Riskier work is classified as such and assigned a higher premium.

Here are some strategies for reducing your workers' compensation costs:

  • Review your classifications to make sure you’re using the proper codes. If you aren’t satisfied with the results, ask to review your case with your state workers' compensation rating bureau and request an onsite inspection and rating.
  • Consider a deductible. More than half of states allow small companies to cut premiums by paying a deductible on workers' comp claims. Paying deductibles, which typically range from $100 to $1,000 per claim, can reduce your premiums by as much as 25 percent
  • Check your payroll. Most states don’t require you to include overtime in the payroll numbers used to compute your premiums.

Ask Your Insurance Professional

Your BenefitSource Insurance Professional will help you find the right workers' compensation insurance coverage for your specific needs.

Be Insurance minded. Contact BenefitSource today and we'll shop the top insurance carriers to assemble a policy with the right amount of coverage for the price you deserve.

To get started Email Us today or call us at (877) 215-5431.

Get a Worker's Compensation Quote