Workers’ Compensation Insurance in Fair Oaks, CA
Employee injuries and illnesses are an unfortunate inevitability for many businesses and organizations regardless of size, sector or safety measures. No level of commitment to precaution and risk management can guarantee your company will never experience workplace accidents and on-the-job ailments. That’s why understanding and retaining the proper workers’ compensation insurance must be a top priority for all employers.
What Is Workers’ Compensation Insurance?
In the wake of workplace incidents causing employees’ health problems, your business and affected staff may require aid. Fortunately, workers’ compensation insurance can provide funds and resources to assist with various losses and expenses arising from these difficult situations. Whether responding to sprains, strains, falls, cuts, burns or other on-the-job ailments, the right policy can make all the difference.
What Can My Policy Cover?
When filing a claim for workers’ compensation coverage, employees and businesses may receive payouts to assist with various needs. Specifically, many workers’ compensation insurance policies may render aid for the following:
- Medical expenses, such as if employees must seek health care services following workplace incidents
- Wage replacement, such as if employees must miss work due to their on-the-job injuries or illnesses
- Disability benefits, including ongoing financial aid, should temporary or permanent disabilities impact employees’ ability to work
- Death benefits, such as compensation for family members should an employee die from their injuries or illness
- Vocational rehabilitation, including funds to assist employees in finding a new job if unable to return to their previous position
In addition to the aforementioned benefits for employees, workers’ compensation insurance typically includes an employer liability component. This can also help your business manage legal expenses, such as attorney fees, settlements and judgments, should you be sued.
Is Coverage Required? 
In most cases, businesses in California are legally required to carry workers’ compensation insurance. Even if your company qualifies for certain exemptions, coverage should still be highly prioritized. Without a suitable policy, your employees may not optimally recover from work-related incidents and your company could lack the financial resources to manage repercussions.
Get the Right Coverage
Contact Valentina Gaiduchik Insurance Agency today to learn more about workers’ compensation coverage or to get a free quote.