Workers' comp insurance is a mandatory insurance required by law in most states, including California. If you have one or more employees, you must buy it or you could face severe penalties. Period. Workers' comp insurance typically only covers injuries or illnesses when they occur as a result of duties performed on the job or while at work (i.e. an employee slips and falls at work).
The idea behind the coverage is straightforward and simple. It's a no-fault insurance program.
What's typically covered?
- Lost wages and medical treatment resulting from an employee’s work-related injury or illness.
- Can also cover services needed to help an employee recover and return to work.
Do I need it?
Any business owner with one or more employees needs it! It's the law.
*If you have an Asian restaurant (Chinese, Korean, Japanese, Thai, or Vietnamese) we have a special workers' comp insurance program offering discounts up to 30% off the standard rate ($3.21 per $100 of your payroll, depending on loss ratio and other factors), available exclusively to clients via our agency. Other carriers are on average writing around $4.34 per $100, so this would immediately get you some savings. Only Asian restaurants qualify, but if you’re a restaurant that isn’t serving Asian cuisine, rest assured – we are still able to get you competitive rates!