California boasts one of the largest economies in the United States. It’s supported by 4.24 million small businesses, which accounts for 99.8% of all businesses in the state. Those small businesses also employ 7.4 million Californians. To protect those workers, California has enacted strong workers’ compensation laws that also provide help and support for business owners.
Interested in complying with workers’ compensation laws but want to limit the expense? There’s good news. While workers’ compensation is a requirement for all California businesses with at least one employee, you’ll discover a range of ways you can reduce your costs. Some of the most important steps include the following:
Obtaining workers’ compensation insurance in California is relatively simple. In fact, business owners have three routes open to them.
1. You can buy it from an independent insurance agency , like Kickstand Insurance. With our easy online application process, you can get a quote in seconds.
2. You can buy it from California’s state fund.
3. You may be eligible to self-fund if you have a large business and have been in operation for a minimum of three years. You’ll need to verify that your business qualifies with the Office of Self-Insurance Plans.
All businesses with at least one employee are required by California law to carry workers’ compensation insurance. Failing to do so is a crime. The outcomes include the following:
Start by filling out a short online form about your business. We’ll use that info to get you an estimated quote. Then, one of our experienced agents will contact you to review the quote and make sure you are getting the absolutely lowest rate possible for your business. Once the quote is finalized, you’re ready to buy the policy - often with coverage starting that day!
Why work with us? We believe in offering customized coverage to fit your unique needs coupled with the expert advice and guidance needed to navigate this confusing area.
Take just 5 minutes to complete our online form and get your no-obligation quote!