Workers compensation insurance is an essential part of running and maintaining a successful business here in the Santa Clarita CA area. Not only does it provide coverage for employees in the case of any accident or injury that occurs on the job, but it can also help protect your business from expensive lawsuits that could arise from such incidents.

With a workers comp insurance policy from QuoteBroker Insurance Services, businesses are able to provide their employees with medical care, lost wages, and other financial support if they become injured while performing their job duties. 

In addition to protecting your business against potential legal action, having workers compensation insurance can also help to improve employee morale and retention by providing peace of mind that if an accident were to occur on the job, there would be a safety net in place for them. In today’s competitive economic environment, it’s important for businesses to provide as much security and support as possible for their staff members—workers comp insurance is one way to do just that. 

Overall, workers compensation insurance is an important asset for any business owner who wants to ensure their company’s success. Not only does it protect employees from injury-related expenses, but it also provides protection from costly lawsuits which could otherwise spell disaster for any organization. To ensure your business remains safe and secure, investing in proper workers comp coverage is key.

We Are Here To Help!

If you have any other questions about your workers compensation insurance policy or any other type of insurance product, give us at QuoteBroker Insurance Services a call today. We proudly serve the Santa Clarita, CA area and would be happy to help you find a policy that meets your needs and your budget.

If you have a family business in Valencia, CA, you may wonder if you need to purchase workers’ compensation insurance. The answer to this question depends on a few factors. You can learn more about workers’ compensation from QuoteBroker Insurance Services and whether or not your family business needs it.

What Is Workers’ Compensation?

Workers’ compensation is a system in the United States and many other countries that provide benefits to injured workers or who contract an illness at work. State governments usually administer the program as part of social welfare programs.

Are Family Members Exempt from Workers’ Comp in California?

No. California Labor Code Section 3351 defines an employee as any person employed by an employer, regardless of their legal status. This includes employees who are related to the employer.

Who Can Be Excluded from Workers’ Compensation in California?

The Labor Code specifies that every employer must secure workers’ compensation insurance or self-insurance that provides their employees medical benefits and partial lost wages. To elect for self-insurance, the employer must meet a set of criteria defined by the Department of Industrial Relations. Some of these criteria include the following:

For Three Full Years, The Company Must:

• Be a legally-recognized business
• Have independently audited and certified financial statements
• Have an acceptable credit rating

A Note On Sole Proprietors:

Business owners who do not have any employees do not need to purchase workers’ compensation insurance. However, they may elect to buy it to cover themselves.

Give Us A Call

QuoteBroker Insurance Services, located in Valencia, CA, offers workers’ compensation insurance to businesses and individuals in the area. We are dedicated to providing our clients with great coverage at competitive rates.

Contact us right away to get started!

Buying workers’ comp insurance from QuoteBroker Insurance Services doesn’t mean purchasing a standard policy. It is a policy tailored to your Santa Clarita, CA business.

Workers’ Compensation: What You Need To Know

Because each state administers its own workers’ compensation program, people sometimes think that every business buys the same exact policy. Instead, each business buys a workers’ comp policy designed specifically for it.

Your business’s workers comp policy covers the number of employees you hire. The size of your business, number of employees, and location of your business provide a guide for the premiums for your policy, but each state uses different policy requirements. If you move your business to California from another state, your workers’ comp policy will change.

Workers’ compensation policies must include coverage for medical treatments, disability benefits, vocational rehabilitation, and death and funeral services. You can add endorsements to cover other items though, such as alternative care, which includes items like acupuncture.

The items you can add as an endorsement also vary by state and underwriter. In some states, this policy extends to contractors and subcontractors working with your business.

If you have workers who frequently travel to other states, you can list these states in your declarations area of the policy. This means that your workers comp policy purchased in California will cover your workers when they travel to the states named. Otherwise, your worker might file a claim in the other state, for example, Oregon. Without having declared it in the policy, your insurance wouldn’t cover them, and you’d have to pay out of pocket.

Give Us A Call

Contact QuoteBroker Insurance Services serving Santa Clarita, CA for more information about workers’ compensation insurance. Let us help you customize your policy to perfectly cover your business.