Basics About Workers Compensation Insurance in California

Workers’ compensation insurance is essentially a form insurance that offers medical aid and financial assistance to the employees who get injured while on the job. It is essentially the employees’ right to sue his employer for the negligence whatsoever included in the policy. 

Companies need to have workers’compensation insurance policy for the welfare and protection of their employees from sudden accidents. Some of the states like: California makes its mandatory for the employers to have workers’ compensation insurance even if they have hired a single employee. So, all those employers who have hired an employee on contract basis and/or on permanent basis need to have this type of insurance plan. 

So, if you are the sole owner of your business and have hired or keep hiring employees on temporary basis, still you are still required to have workers’ compensation coverage. For this, you may seek right assistance from your chosen insurance carrier, insurance agent, or maybe your lawyer. Explain your business and the exact situation to your insurance company and they will be able to suggest you with the right plan. 

As per the law, it is necessary for all the employers in California to have workers’ compensation insurance in California from a licensed and authorized service provider like: - Bozzuto Insurance Agency.

As far as the premium rates are concerned, it is not planned by the state. It is the Workers’ Compensation Insurance Rating Bureau which regulates the rates that all the carriers need to adhere. So whatever rate they decide, they need to file with the California Department of Insurance.

And while you look for the best insurance carrier, you should enquire about a few things, such as: -

1. Premium rate
2. Cost
3. Experience of writing workers’ compensation insurance policy for similar domain of business
4. Benefits offered
5. Tie-ups with the hospitals and medical institutions
6. Ease of getting the claim amount, etc.

Hence, it is important to consult an experienced and licensed insurance carrier. They will be able to help you with the premiums after looking at your history of work-related injuries, payroll, etc.

Contact Us to help us write workers’ compensation insurance plan for your business.

Transportation Insurance For The Safety Of Your Freight

Are you into transportation business? Right from the small ferry business, to large scale companies that have a large fleet of trucks, ships and other vehicles to transport goods and materials from one to place another, one should get their business insured. This acts as a protection whenever your business is in some kind of a risk. Though it purely depends on what kind of coverage is included in your chosen insurance policy, but it certainly helps you protect your property and assets from unexpected losses, crisis or damages (if any).

So that means that typical transportation insurance provides the necessary coverage to protect your valuable cargos, freights and consignments from loss, damage and accidents. 

It is believed that while the goods are in transit, they are exposed to maximum risk. Anything can happen with your consignment and sometimes the damages can prove to be quite heavy on pocket. So, getting the required coverage is essential for the safety of your goods. Sometimes the coverage depends on what kind of business you do which means that even if your goods are kept in the warehouses, this type of coverage is applicable there as well. 

Some of specialized and reputed insurance companies like: - Bozzuto Insurance Agency provide personal as well as business insurance policies which are tailored to suit your typical requirements. The company is one of the oldest insurance providers to a score of individuals and business owners in California.

It offers a wide array of coverages, such as: -

Personal insurance coverage includes:

1. Homeowner/ House Insurance
2. Flood Insurance
3. Auto/ Car Insurance
4. Life Insurance
5. Personal Umbrella

Business insurance coverage includes:

1. General Liability
2. Umbrella/ Excess Liability Insurance
3. Pollution Coverage
4. Property and Equipment Insurance
5. Commercial Auto Insurance
6. Employment Practices Liability Insurance (EPLI)
7. Cyber Liability
8. Professional Liability Insurance
9. Directors and Officers Liability Insurance
10. Commercial Earthquake Insurance
11. Fidelity and Fiduciary Insurance
12. Business Continuation Insurance
13. WRAP / OCIP / CCIP or "WRAP-up" Coverage
14. Group Benefits including Group Health
15. Construction Surety
16. Commercial Surety
17. Risk Management

So becomes easier to pick the coverage that best meets your specific requirements. Contact Us to know what may serve your needs.