California workers compensation insurance is a form of insurance designed to protect employees should they be injured at work. This can ensure that an injured person receives payment in lieu of their regular check should they miss work for a period of time, and it can also provide financial coverage for medical treatment. While it’s obvious to see the benefit for employees, you may be wondering as a manager if this insurance is absolutely necessary.
The first point to note is that workers compensation insurance is mandatory for many businesses. Laws vary from state to state and may be determined by the type of business you run and your number of employees. So, it’s vital that you check your specific legal requirements by consulting your local California insurance agent.
If you run a business, having this insurance in place not only protects your workers, it protects you from being sued by an employee who was injured at work. Litigation is always costly, regardless of the outcome, so you are protecting yourself financially by ensuring that you have comprehensive workers compensation coverage in place.
Good employees are always worth holding on to. Ensuring good workers remain healthy and able to perform to the best of their ability can save you the time, energy and financial commitment of hiring and training new staff. With California workers compensation insurance in place, injured workers can access medical care and be protected financially while they recover, which this may facilitate a quick return to work.