Looking for Workers Compensation Insurance?
Workers’ compensation insurance provides coverage for medical costs lost wages for work-related injuries and illnesses. and medical treatment resulting from an employee’s work-related injury or illness. In California, workers compensation insurance is required for businesses that have employees.
Even in the most ideal circumstances, the reality is that accidents and illness still happen. A slip and fall at a restaurant resulting in broken bones or an equipment malfunction at a construction site causing eye injury. A key part of running your business is keeping employees safe at work. However, if one of your employees does suffer an injury, Workers Compensation coverage provides you and your employees with important protection.
How much does workers’ compensation insurance cost?
Your workers comp cost is based on a number of factors, including:
- Employee Payroll
- Number of employees
- Industry and risk factors
- Coverage limits
- Claims history
Like all insurance, workers compensation is priced based on risk. Riskier industries and jobs are more expensive to insure than less risky ones. To make sure prices are as fair as possible, they’re determined by classification codes.
Workers’ compensation insurance for smaller businesses have a median cost of $47 per month. Many small businesses with just small staffs can pay as low as $35 per month, but larger companies can expect to pay more.
Call me now to find out how much it would be for your business at 949-248-3112