Workers’ Compensation for Your Business in Woodland Hills
If you own a business in Woodland Hills you know how important it is to provide a safe workplace for your employees. Regardless of any precautionary measures you take to keep your workplace safe, accidents still happen. In these events, worker’s compensation insurance will keep your business running smoothly.
Our Woodland Hills workers’ compensation insurance provides income, medical benefits and rehabilitative services for workers who have become injured while performing work-related duties. It guarantees that they will receive financial compensation for medical care and for a portion of the income while they are unable to work as a result of their injuries.
While regulations differ from state to state, if your business employs four or more people, it is likely you need worker’s compensation insurance.
How will this benefit my business in Woodland Hills?
It goes without saying that this coverage will be of utmost importance to your injured staff member(s), but what does it mean for you and your business? Woodland Hills workers’ compensation helps protect your business from any lawsuits initiated by your employees suffering from injuries acquired on the job.
In the Woodland Hills workers’ compensation system, injured employees lose the right to sue their employers for job-related injuries in return for benefits. Employers must insure their workers compensation exposure or become qualified self-insurers.
Woodland Hills employers must continuously provide workers’ compensation benefits to all employees. This can include day laborers, leased and borrowed staff, volunteers, part-timers and family members, as well as most subcontractors.
Worker’s Compensation Insurance is a Necessity
As a responsible Woodland Hills business owner, opting to remain uncovered is a risk you don’t want to take. When operating without insurance, you risk financial penalties, the loss of your business, or even jail time. In the event of an employee’s injury, you would have to pay the set benefits dictated by the law anyway, so worker’s compensation insurance is a necessity.
We recommend that you don’t skimp on workers’ compensation coverage to protect your business. Rely on our agents at Kamran Insurance to help you decide the best way to eliminate onsite risks and skillfully implement the most beneficial options for your business.