.png)
Workers’ Compensation Insurance
In every state, including California, workers' compensation insurance is a must. Even if you have just one employee, you’re required to have it. Beyond being a legal requirement, it’s a smart move for your business.
Apply for a quote
To provide you with an accurate insurance quote, please complete the following basic information. You may be asked to complete a supplemental form depending on your business type. An agent will contact you if any further details are needed.
​
*Please prepare your business details and employees information including, Name, Date of Birth, duties, and payroll information for the application. This may take 20-30 minutes to complete.
What is Workers' Compensation insurance?
Workers' Compensation, or Workers' Comp, is insurance that helps if an employee gets injured or sick on the job. It covers their medical bills and lost wages. If a tragic workplace death occurs, it also provides financial support to the family.
For business owners, it’s a safety net, helping to cover accident costs and protect against potential lawsuits from employees or their families.
What is the cost of a workers’ compensation insurance policy in California?
The cost of Workers’ Compensation insurance is a major concern for many business owners. Premiums vary based on several factors, such as:
​​
-
The type of business you run
-
The kind of work your employees do
-
The number of employees
-
and your history of workers' comp claims.
​
You can reduce your premium by improving workplace safety and minimizing accidents, which helps keep overall insurance costs down.
What are the consequences of NOT having workers' comp insurance in California?
Not having workers' compensation insurance in California is against the law and can lead to serious consequences.
You could be fined up to $10,000 and even face up to 1 year in jail. If an employee gets hurt and you don't have coverage, you might have to pay $10,000 per injured worker.
The state can also fine you twice what you would have paid in premiums or $1,500 per employee. Additionally, the Uninsured Employer’s Benefit Trust Fund might put a lien on your property if they have to cover your employee's benefits.
Don’t risk your business or your employees' safety!
Ensure you have the right workers' compensation insurance for your California business. At George Park Insurance, we’ll help you find the right coverage that protects you without breaking the bank.
Get in touch with us today!