According to coverage in Pacific Coast Business News, including this great editorial column, Workers Compensation insurance premiums in California are creeping higher, and higher, and higher still.
California employers are required by law to have workers' compensation insurance, even if they have only one employee. And, if your employees get hurt or sick because of work, you are required to pay for workers' compensation benefits. Workers' comp insurance provides six basic benefits: medical care, temporary disability benefits, permanent disability benefits, supplemental job displacement benefits or vocational rehabilitation and death benefits.
This holds many employers to ransom: did you know that not having Workers Compensation coverage for your employees is a crime, subject to criminal as well as civil penalties?
For more about Workers Compensation and how it applies to you, visit the DIR for this handy fact sheet, or call me to discuss your organization's specific situation.