Workers Compensation protects the employer as well as the employee. It is a business insurance that provides medical and disability coverage for employees who are injured on the job. At minimum, these policies protect the business from having to pay for legal fees, medical expenses and reimbursement of lost wages. Your business is your most important asset. Yet, most business owners do not insure their business properly and leave themselves at the risk of losing their business due to one accident or one lawsuit. Choosing the right Workers Compensation Insurance is essential for your business.
California law requires employers to have workers compensation insurance even if they have one employee. For example, if you are a roofer and don't have any employees, you are still required to carry workers compensation insurance . If you are a real estate broker you are required to carry workers compensation insurance for your agents , even if they are independent contractors.
Assembly bill 279 states that business owners who intentionally operate without workers compensation in California are subject to possible prison sentences and up to a $10,000 fine.
Green Peak Insurance offers many options to clients when it comes to workers compensation. Because of the strong relationships that we have developed with insurance carriers, we can place coverage for lines of business or special classes of employment that would otherwise be denied.
Let Green Peak Insurance analyze your current policy and see how we can reduce your overheads and tailor a creative solution for your business.