Workers Compensation

Workers’ compensation insurance helps provide financial security for your employees if there’s a work-related incident or accident that causes injuries. This coverage may also provide protection for the company if there’s a lawsuit related to work-related illnesses or injuries.  

What Does Workers Compensation Cover?  

After your employee suffers a covered work-related illness or injury, workers’ compensation insurance may provide coverage for the following: 

• Lost wages for time off 
• Liability coverage
• Medical treatment and medical care
• Disability benefits
• Death benefits 

This list is not all-inclusive. Your workers’ compensation insurance policy may provide additional coverage and benefits. 
 

Why Have Workers Compensation Insurance? 

Companies that choose not to carry workers’ compensation insurance may face severe financial losses if one of their employees is injured or becomes ill in a work-related incident or accident. Your agent can help you decide whether this coverage may help protect your organization.  

Who Needs Workers Compensation Insurance? 

Depending on your state’s laws, you may be legally required to carry workers' compensation insurance. In California, if your company has one or more employees, workers’ compensation is mandatory. If your business is not located in California, but your employees regularly work in the state, you may need to purchase workers’ compensation insurance to remain in compliance with California’s laws.  

Laws are subject to change. Be sure to check with Wateridge Insurance Services to ensure your business remains compliant with California workers’ compensation laws.  

How Much Does Workers’ Compensation Cost? 

Your workers’ compensation insurance premiums vary depending on several factors. Your insurer may determine your rates using information about your company, including: 

• The type of work your employees typically perform
• Your company’s location
• Your industry and common risks
• Your payroll
• The number of workers you employ
• Your claims history 

Insurers set workers’ compensation rates, but your agent can help evaluate your company’s needs and help you shop around for the best combination of price and coverage.
  

How To Get Workers Compensation Insurance 

Talk with your agent to determine whether you are required to carry workers’ compensation insurance. Contact Wateridge Insurance Services in San Diego, California, to learn more about how this essential coverage can help provide financial protection for your organization.