Workers’ Compensation Insurance in Huntington Beach, Long Beach & Los Angeles, CA
As a responsible employer, you should be aware of the importance of your employees’ health and wellness. A productive workforce is your company’s most valuable resource, and it must be protected by suitable insurance, including workers’ compensation.
What Is Workers’ Compensation Insurance?
Like many types of insurance, these policies act as contractual agreements between your business and an insurance carrier. You can customize your policy to suit your needs, budget and risk tolerance, but you must ensure compliance with relevant insurance-related laws. Once you’ve composed your policy, you’ll pay regular premiums. In exchange, you and your employees can submit claims for financial assistance following work-related injuries and illnesses.
What Does My Policy Cover? 
Workers’ compensation insurance can provide many financial protections and benefits for employees who might otherwise be facing expensive and difficult recoveries. Specifically, most policies can provide aid for the following:
- Health care bills—If an employee’s on-the-job ailment requires medical attention, workers’ compensation insurance may help with resulting costs.
- Wage replacement—Employees may often need to take time off work due to a workplace accident. In such situations, your coverage may provide compensation.
- Disability benefits—Should an employee develop a disability following work-related injuries or illnesses, your policy may offer ongoing financial assistance.
- Vocational rehabilitation costs—In some cases, employees may be unable to return to their previous duties. Fortunately, your insurance may help pay for training and other expenses as they find a new line of work.
- Death benefits—In the event of fatal workplace accidents, affected employees’ families may be compensated through your coverage.
- Employer legal costs—The employers liability coverage of your policy may also render aid for attorney fees, settlements and judgments if an affected worker chooses to sue your business.
Who Needs Coverage?
Most employers throughout the nation are subject to workers’ compensation insurance laws. In California, all employers, even those with only a single employee, are typically required to carry a policy. Regardless of formal mandates, this type of coverage should never be taken lightly, as it can play a critical role in your staff’s ongoing well-being. Additionally, lacking coverage could have dire legal, financial and reputational consequences.
Get the Right Coverage
Contact INM Insurance Services, Inc. today to learn about coverage options or compare personalized workers’ compensation insurance quotes.