It’s widely known that business owners like you are spinning many plates at once. There’s bookkeeping, management, taxes, marketing, inventory — you name it. Then, just when you feel like you’re getting the hang of things, one of your employees falls off a ladder and can’t work for weeks.
Accidents on the job happen all the time. Make sure you have workers’ compensation insurance to pick up the pieces. Workers’ comp helps to cover an employee’s medical bills and disability payments while they’re out of work, which gives them immense peace of mind during a difficult period.
Workers’ Comp Insurance for High-Risk Industries
If you own a company in a high-risk industry, the household-name workers’ comp insurance companies may offer slim pickings based on your industry rate for injuries and accidents. They select your workers’ comp plan based on their risk, not yours.
IB&C flips the script to look at your needs first, the way it should be. We provide an extensive variety of insurance carriers so you can find coverage that will cover even the worst-case scenario. We have helped businesses in many high-risk industries find coverage, including:
- Construction workers
- Aircraft workers
- Hospital workers
- Transportation workers
Once we sit down and discuss your needs, we can help you decide whether it makes sense to choose workers’ comp insurance from a state fund or a private company. California is one of several states offering state fund insurance, and while it’s not appropriate for all scenarios, these policies are typically more accepting of high-risk industries.
Workers’ Compensation Insurance: Your Big Questions Answered
In our 35 years in business, we’ve had many people ask for workers’ compensation insurance rates and exemptions without really knowing what they actually need.
When you sit down with our agents, our goal is to help you understand all your options. We walk you through a thorough assessment of your company’s needs, so we can present a plan you can actually use.
We understand finding your plan can be confusing at times, too. Below, we’ve answered some of the most common questions we get in our first meeting.
What should workers’ comp insurance cost?
Workers’ comp insurance rates can vary dramatically depending on your industry. While the cost for workers’ compensation is slightly different among states, every state calculates their rates based on risk classification. Talk to our knowledgeable team to find comprehensive coverage that best suits your budget.
Who is exempt from workers’ comp insurance?
Workers’ compensation insurance requirements by state can vary, but it’s typically required for most workers in most states. In the state of California, all companies require workers’ compensation insurance for any work situation.
Do I need workers’ comp insurance if I’m self-employed?
Workers’ comp insurance for self-employed individuals doesn’t exist if you don’t have any employees but yourself. You may be looking for self-insurance or small business health insurance.
The Perks of Workers’ Comp Insurance with IB&C
- Opportunities to Lower Your Rates – We can work with some carriers to close past claims and effectively lower your rates.
- Safety Programs – Many of our carriers provide safety programs to help you stay up to date on industry safety precautions.
- Pay as You Go – High-volume businesses can pay the smarter way by paying month-to-month based on the number of employees you have that month. This is a great benefit for seasonal industries, like construction companies who hire fewer employees in the winter or resorts that increase their staff during peak season.
Proudly Providing Workers’ Compensation Insurance in California
We’re proud to provide comprehensive workers’ compensation insurance to businesses in Grass Valley, Nevada City, Penn Valley, Auburn, Roseville, Rocklin, Yuba City, and Marysville.
Request a Workers’ Compensation Insurance Quote
Request a quote from one of our attentive, thorough and local brokers to find out which workers’ comp insurance policy would be right for you.