Workers Comp in California

30 Jul Workers Comp in California

What you need to know when buying Workers Comp in California

As most business owners already know, carrying Workers Comp in California is mandatory if you have employees. Since Workers Comp in California is such an important coverage, we have put together a few tips for you in your search of finding the right policy for you.

What you need to know when buying Workers Comp in California – Don’t hire until you are insured!

Many business owners do not realize that it is crucial to have a Workers Comp policy in place prior to hiring employees. When a business has employees working without a Workers Comp policy in place, not only is it illegal, but it is also considered a lapse in coverage. Once you are operating your business with a lapse in coverage, your options for pursuing Workers Comp fall dramatically. Insurance carriers generally do not like to insure businesses with lapses, and if they do, they often include hefty surcharges.

What you need to know when buying Workers Comp in California – Pick a Broker!

One of the most common mistakes we see when working with business owners is when they contact several brokers to obtain quotes on their Workers Comp. Many people do not realize that with most carriers, only one broker can request a quote at a time. We often see business owners stuck waiting for a quote because the broker they want to work with is blocked from certain carriers. As a business owner, you will be better off finding a broker you trust, and then allow them to properly market your account. Not only does it make the process easier, but sometimes it will give you more leverage to obtain additional discounts.

What you need to know when buying Workers Comp in California – Get Informed!

We often get calls from business owners that quite simply don’t know where to begin. If you are one of these people, please call us, we are available and eager to answer all of your questions. You can reach our Workers Comp specialist at 925-297-4829.