Workers' Compensation Insurance
Integrity Now Insurance Brokers is a full service insurance agency that specializes in workers’ compensation in Orange County California and surrounding areas.
As a business owner, you do everything you can to protect your employees from potential dangers, but do you have workers compensation insurance protection in place to also protect your company? Most business owners understand that workers compensation is important, but did you know that if you have employees, it is required by law for most businesses to have workers’ compensation insurance?
Workers compensation is a type of insurance coverage that protects your employees in case of injury or disease during the course of employment. Policies can provide coverage for:
- Medical expenses
- Lost income/wages
- Rehabilitation costs
- Death benefits
- And more…
For anyone who is classified as an employee (part-time or full-time), it is required by law to provide them with workers compensation insurance coverage. If you do not provide this coverage, you can be fined up to $2,500 a day and can face a Class D felony charge with a mandatory minimum one year prison sentence.
Termination of an employee who is injured while working and/or who files a workers compensation claim is also illegal. As a rule, a company with one or more employees is mandated to purchase workers compensation insurance to cover medical expenses, permanent disability, and a portion of the injured employee’s wages.
Having a safe workplace is not only good practice but it can save you money on your workers’ compensation insurance policy. Your annual insurance premiums are measured by the number or losses your company has. This is then reported to your carrier and is called your Experience Modification Factor or x-mod for short. The higher your x-mod the high your insurance premiums will be. The lower your x-mod, will result in an insurance premium savings. If you have a high x-mod, you should consider reviewing and changing your company culture on how it views and deals with safety.
Having workers compensation insurance Los Angeles can save you and your business from costly lawsuits and employee issues. Workers Compensation Insurance protects your business AND your employees, who are oftentimes a huge part of the framework of a company.
Integrity Now Insurance Brokers can provide you with a coverage program that is specifically tailored to meet your needs. We can also provide you with a free workers compensation insurance quote. You’ll be surprised at how much your business can save by choosing to place your policy with Integrity Now Insurance Brokers.
Contact Integrity Now Insurance Brokers for information on all of the business insurance lines we offer and a free quote for Orange County & Los Angeles California Workers Compensation insurance.
Integrity Now Insurance Brokers, Inc. is a multi-line insurance agency, providing personalized insurance coverage for families and businesses, throughout Orange County, California.
Integrity Now Insurance Brokers, Inc
6285 East Spring Street, Suite 457 Long Beach, CA 90808