Workers’ Compensation Insurance in Redding & Corning, CA

Workplace injuries and illnesses are an unfortunate inevitability regardless of your business’s commitment to safety and caution. Work-related ailments can have devastating financial consequences even for knowledgeable and diligent organizations in relatively low-risk industries. With this in mind, securing appropriate workers’ compensation insurance should be a top priority.

What Is Workers’ Compensation Insurance?

As its name suggests, workers’ compensation insurance focuses largely on compensating employees who have been injured on the job or developed a work-related illness. For example, if an employee is working at height and falls, workers’ compensation insurance coverage can ensure they receive the resources and care needed to recover.

Specifically, workers’ compensation insurance policies can typically offer a payout to help pay for the following:

· Medical bills

· Lost wages

· Vocational rehabilitation

· Disability benefits

· Death benefits

· Employer legal costs (e.g., attorney fees, settlements and judgments)

How Much Is Workers’ Compensation Insurance?

There are various workers’ compensation insurance cost factors to consider when seeking quotes from carriers. While the exact criteria considered may vary, many insurance companies may analyze the following:

· Industry

· Location

· Number of employees

· Total payroll

· Employee tasks

· Claims history

· Coverage limits

Is Workers’ Compensation Insurance Important?

A workers’ compensation insurance policy may be among your company’s most important investments. These policies can play a critical role in ensuring injured or ill employees have the means to manage their ailments and recover. Furthermore, they may limit financial consequences if an incident leads to your company being sued. In many cases, workers’ compensation insurance is also required by law, meaning

that failure to retain coverage could incur significant financial penalties or even force you to shut down your business.

We’re Here to Help

Contact the knowledgeable team at Berry Curtis Insurance today to learn more about your coverage needs or to get a tailored workers’ compensation insurance quote.