The state requires every employer in California to buy workers'compensation policy for his/her employees.Regardless of the number of employees in the firm,it is necessary to insure your workers.Under the insurance,the employees can enjoy benefits of wage replacement and medical facility.
Everybody understands the importance of insurance in California.As accidents and injuries at workplace are really unpredictable,it is better to take appropriate steps in anticipation.In case any unfortunate happening occurs,it is required to be prepared to face it.Workers'compensation is a form of insurance where the employees are provided with benefits in case of any accident during work.
In earlier times,there was no such concept of compensation either for employees or employers.In case of any mishappening or accidents,many of the employers had to face the lawsuit.During such situations,it was the responsibility of the employer to give all the medical expenses and wage compensation for the injured workers.However,with the coming of workers'compensation insurance,employers need not worry about all this anymore.Moreover,every worker must be aware of the various policies that are meant for their benefits.
Workers'compensation is basically a form of insurance that is meant for the benefits of employees injured at their workplaces.As per the insurance,the workers would be provided with wage replacement as well as medical advantages in exchange for the mandatory relinquishment,which is the right of worker to sue his or her employer for their negligence
Employees who are covered under a workers'compensation insurance policy in California are provided with medical and wage replacement benefits caused due to accidents at workplaces.It must be noted that only workplace injuries are compensable by the employer.General damages that arise because of pain and suffering and punitive damages are not included in the insurance cover.
The insurance is required by all those employers who do not want to spend a huge sum of their money on the medical costs of injured workers.Although it is essential for every employer as well as employee,but another major reason that accounts for businesses to undertake workers'compensation insurance policy is to follow the regulations laid by the state.
As different states have different set of regulations for the insurance,California workers'compensation insurance regulations also vary from other states.Therefore,businesses need to be careful regarding the insurance policy.
Generally,all businesses operating in California that have employees are required to buy a workers'compensation policy either from a private insurance company or through the State Compensation Insurance Fund.
A workers'compensation insurance policy covers six basic benefits that include medical care,temporary disability benefits,permanent disability benefits,supplemental job displacement benefits,vocational rehabilitation and death benefits.
In case any accident takes place at the workplace,it is the responsibility of the employer to file an appropriate report to the agency and involved insurance company.Also,the notice must be sent at accurate time without any kind of delays.
Further,if it is an emergency situation,it is your responsibility as an employer to provide the insured worker with emergency medical care even if the workmans comp procedures follow later as life of the worker is more important than the legal procedures.
