One of the oldest forms of insurance, workers compensation is designed to give employees financial compensation, quick medical treatment, and any other benefits they may be entitled to in the case of a workplace injury or illness. In California, workers compensation is a no-fault system. A no-fault system means that employees are eligible to receive benefits, no matter who is at fault for the accident. Because of this, employees are not able to sue their employer for any damages from illness or injury that resulted from the accident. Chrysalis Insurance Agency offers competitive rates on workers compensation insurance for all California businesses located throughout Costa Mesa, Newport Beach, San Diego, Los Angeles, and San Francisco, as well as the entire Golden State.
What is Workers Compensation Insurance?
The typical coverages of workers compensation insurance include:
- Income Lost due to a work-related injury or illness
- Medical Care needed due to a work-related injury or illness
- Death Benefits
- Vocational Rehab
- Permanent Injury Compensation
Workers comp insurance is regulated at the state level, meaning that requirements, coverage, and premiums vary from state to state. As a local agency in Costa Mesa and Newport Beach area, we have a first-hand and thorough understanding of workers compensation requirements in California. Chrysalis Insurance Agency’s experienced agents will work closely with you, making sure we fully understand your business and its needs to find the workers compensation solution best for you.
Why Do I Need Workers Compensation Insurance?
In California, businesses that employ at least one full or part-time employee must have workers’ compensation insurance. There are only a few instances of individuals that are exempt from workers’ compensation in California. If you are a sole proprietor with no employees, you are not required to carry workers’ compensation insurance. Directors and officers can be excluded from workers’ compensation benefits if the company is fully owned by those directors and officers. Companies operating in other states who have employees that regularly work in California, or who enter employment contracts in California, may need to carry California worker’s compensation as well. Failing to carry the proper insurance is a criminal offense that may result in substantial fines and possible jail time.
It is essential that employers understand their workers compensation policy and obligations, as workplace related incidents can significantly impact employees’ and employers’ livelihoods. Chrysalis Insurance Agency not only provides California employers with a competitively priced workers compensation insurance policy, but we help you fully understand your policy and any additional obligations you may have.
Keep in mind it takes time for Chrysalis Insurance Agency to evaluate your business and loss history prior to providing a quote for any type of commercial insurance. We work fast as possible to provide you with your workers compensation quote, but it is important to review your policy at least a few months prior to the expiration of your current policy. This allows you sufficient time to review your existing coverage and determine any future needs your company may anticipate.
Get a Free Workers Compensation Insurance Quote
Chrysalis Insurance Agency offers not just workers compensation, but other commercial and personal insurance services throughout Costa Mesa, Newport Beach, San Diego, Los Angeles, San Francisco, and the entire state of California. To learn more about workers’ compensation insurance in California, or to get a free quote, contact us at (714) 464-8080 or simply fill out a form on our website today!