Why Your San Diego Business Needs Workers Compensation Insurance

Why Your San Diego Business Needs Workers Compensation Insurance

If you run a business, small or large, you should consider workers compensation insurance.  In most states, this type of business insurance is required by law. It is coverage that pays for the medical expenses of an employee who was injured while on the job.  It also covers a portion of their wages if they are unable to return to work.  If you are not insured with workers compensation coverage and an employee gets hurt or injured, you will be responsible for paying all of their medical bills that are related to the injury or sickness.  These bills can add up quickly so you can see the importance of workers compensation insurance.  If you are a small business that does not have any employees, you do not need workers compensation insurance but even if you hire one employee, your business is required by law to have it.

There are several parts to workers compensation insurance in San Diego.  They are optional but definitely areas you want to consider covering. Your insurance agent or broker can go over each area in great detail to help you decide if you want it covered under the policy or not.  The better your coverage, the more you will avoid having to lose any money due to an on the job injury or illness suffered by one of your employees.  Go over all of your options and decide what is best for your company.

At some point, an employee may make an inappropriate or false claim of an on the job injury or sickness.  While legal expenses for this claim will be covered under your workman’s compensation package, you can determine the amount of coverage.   You will also want to consider coverage that would insure employees that are injured while they are working for your company but is doing business in another state.  It’s important to talk with your agent or broker about the coverage for various illnesses and injuries.  What is covered in your policy usually depends on the state where you operate your business, so be aware of what things are covered and what things are not covered when it comes to injuries and illness.  Another optional area you may want to consider is financial support coverage for the dependents of your employee in the event that your employee passes away.

Rates for workers compensation in San Diego vary depending on the agency you choose and the amount of coverage you select.  The agency will also factor in your company’s history of on the job injuries, payroll and other areas to determine the cost of your premiums.


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