Have you been injured on the job?
What is workers’ compensation insurance and what is its purpose?
A workers’ compensation insurance policy provides covered employees with medical and wage replacement (indemnity) benefits that arise from workplace injuries. Only workplace injuries that arise out of and in the normal course of business are compensable.
Generally, all businesses in California that have employees must purchase a workers’ compensation insurance policy from a private insurance company or the State Compensation Insurance Fund. Some large businesses are self-insured and do not purchase insurance policies from an insurance company.
Who must have a workers’ compensation insurance policy?
Generally, all California businesses that have employees must purchase a workers’ compensation insurance policy or be legally self-insured.
What is covered by a policy?
A workers’ compensation insurance policy covers the costs of medical treatment such as physician visits, prescription medications or surgeries. In addition, workers’ compensation insurance provides lost time or indemnity benefits. Indemnity benefits are calculated on the basis of an injured worker’s weekly wage and determined pursuant to applicable California laws.
Does every business need Liability Insurance?
What is General Liability Insurance?
General Liability (GL) insurance, sometimes called small business liability insurance or commercial liability insurance, provides insurance coverage for your business against claims made by others including bodily injury, damage to property, or personal injury.
If someone comes to your place of business and is injured, a general liability policy could cover their medical costs. If someone else’s property is damaged and you are found to be responsible, the repair or replacement cost could be covered. And if someone’s reputation is damaged by something you or an employee said or wrote about them, the associated costs could be covered.
Why do I need General Liability Insurance?
As a small business owner, you may be legally responsible if another person gets hurt or if their property is damaged while at your business or because of something you did. Make sure your business is properly protected against risks.
How much does General Liability Insurance cost?
The cost of general liability insurance coverage varies based on the size of your business, the industry you are in, your location, and the amount of coverage you need.
