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What is Worker's Compensation
Employers are legally obligated to take reasonable care to assure that their workplace are safe. Neverthless, accident may happen. When they do, worker's compensation insurance provides coverages.
Injured employees sustain on the workplace premises or anywhere else while the employee is acting in the course and scope of employment are covered if their employer has workers comp insurance. For example, the leading cause of workers comp death claims is traffic related accident that occur when the employee is in a vehicle for work purpose. Whether the trip is made in the company's car or the employee's vehicle. Accidents driving to and from work are not covered.
Worker's com insurance also covers certain illness, occupational diseases contracted as a result of employment. Also, injuries from accidents, work place violence, terrorist attacks and natural disasters are covered under the policy
Do I have to buy Worker's Compensation Insurance
Answer is "YES." Failing to have workcom for an employee is a criminal offense. Section 3700.?5 ?of the CA law makes this a misdemeanor punishable by either a fine up to $10,000 or imprisonment in the county jail for upto one year, or both. Additionally, the State issues penalies up to $100,000 against illegally uninsured employers. You would be correct in concluding that California law takes very serious an employer's failure to have worker's comp coverages for employees.
At BAP, we only choose only the best of the best carrier for you. If you are turned down from the carriers or you are paying too much, we still have a market for you. Call us today to obtain these important coverages.
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