Workers’ Compensation Insurance in Fresno, CA

As a core pillar of many businesses’ insurance packages, workers’ compensation coverage can be an invaluable investment. The right policy may foster financial security and peace of mind among your company’s staff, potentially providing reassurance that even employees who suffer serious harm on the job will be taken care of. However, workers’ compensation insurance is not a simple topic, necessitating employers to take a hands-on approach toward addressing coverage needs.

Who Needs Workers’ Compensation Insurance?

For many businesses, workers’ compensation insurance is legally required. This means that failing to secure appropriate coverage could impose various penalties, including fines and stop orders. In California, even businesses with only a single employee must carry a policy. Aside from legal obligations, many clients may refrain from doing business with uninsured companies. Additionally, lacking coverage might be detrimental to your attraction and retention efforts, as employees might feel uncomfortable working for you.

What Can Policies Cover?

Workers’ compensation insurance can be a valuable and versatile tool, potentially issuing financial aid in response to many workplace incidents common across various industries. Specifically, your policy may help pay for the following:

• Health care bills—If employees require medical services, such as if they’re taken to the hospital or need surgery as a result of a work-related incident, your insurance may help cover costs.
• Lost wages—Employees may be unable to work after an on-the-job incident, but workers’ compensation payouts may help replace part of their income.
• Vocational rehabilitation—Should a staff member be incapable of returning to their job, insurance may help pay for them to learn new skills and find a different occupation.
• Death benefits—Your insurance may issue compensation to employees’ loved ones and next of kin if they’re killed in a workplace accident.
• Employer legal costs—Workers may choose to sue your business if they believe you are at fault for their injuries or illnesses. In such situations, your insurance may help with attorney fees, settlements and judgments.

How to Get Coverage Near Me

Contact Eaton & Eaton Insurance today to discuss your workers’ compensation needs and address them by securing an optimal policy.