Workers Compensation

Workers’ compensation insurance, also called workers comp, is a type of business insurance that can help pay for your employees’ work-related illnesses or injuries. This coverage is crucial to protecting your employees’ well-being and business assets. Contact Simple Lane Insurance Agency in El Cajon, California, to learn more about workers’ compensation coverage.  

When Do I Need Workers’ Compensation Insurance? 

Most California businesses are required to carry workers’ compensation insurance coverage if they have one or more employees. Generally, workers comp is required for both part-time and full-time employees in California. Contact Simple Lane Insurance Agency to learn if workers’ compensation insurance is required for your business. 

What Does Workers’ Compensation Insurance Cover? 

Although individual policies may vary, workers’ compensation insurance typically includes the following coverages: 

• Medical benefits may help pay for employees’ medical bills if they require medical attention following a work-related injury or illness.

• Wage-loss benefits may help cover your employees’ lost or reduced wages if their ability to complete their job tasks is limited or prevented by a work-related illness or injury.

• Disability benefits may help compensate an employee deemed unable to be employed after a work-related illness or injury.

• Death benefits may help cover lost income and funeral expenses if a work-related injury or illness causes an employee’s death. An employee’s spouse or dependent may receive this benefit.

Legal expenses (e.g., settlements and defense costs) associated with litigation arising from workplace illnesses or injuries may also be covered by your workers’ compensation policy, per your policy terms. Contact Simple Lane Insurance Agency for more information.  

How Much Workers’ Compensation Insurance Do I Need? 

Several factors will impact the amount of workers’ compensation insurance you need to carry, including the following: 

• Number of employees

• Industry-related risks

• Payroll

• Location

Please consult your insurance agent to determine how much workers’ compensation insurance coverage your business needs. 

How Much Does Worker’s Compensation Cost for Small Businesses? 

Your workers’ compensation rates may vary with numerous factors, such as your location, policy details (e.g., deductibles and coverage amounts), claims history, employees’ work duties, and more. Contact Simple Lane Insurance Agency for a personalized workers’ compensation insurance quote for your business.