California Workers' Compensation Insurance | Invensure Insurance ...

If you need workers? compensation insurance for your business, call Invensure at (800) 331-4700 to speak to an expert who can help you get your claims under control and lower your costs for the long term.

In California, workers? compensation insurance is required by law for any business that has even one employee. There are a couple exceptions to this rule:

1. If you are a sole owner, coverage is optional. However, all roofers are required to have workers? compensation insurance in California, regardless if they are sole owners or not. You should consult a licensed agent or broker to determine whether to opt out or not. California workers? compensation insurance generally covers all officers and directors as they are considered employees.

2. You do not have to have workers? compensation if you choose to self insure. The requirements for self insurance are that your business has a net worth of at least $5 million, a security deposit, and a net income of $500,000 per year. The State of California must approve your request to self insure.

If you do not have workers? compensation insurance and do not fall into one of the exceptions, you could be fined or even receive jail time. Not having workers? compensation insurance is a misdemeanor and you can receive fines ranging from $10,000 to $100,000 or 60 days to one year in county jail.

You will receive a certificate of insurance once you have workers? compensation insurance. You are required by law to put the posting notice in a visible place so employees can see where to get information for work injuries. Failure to comply can result in fines up to $7,000 per violation. Ask your insurance broker what specifically you need to do to be in compliance.

Invensure Insurance Brokers has been helping businesses with their workers? compensation insurance for over 35 years. If you have any questions, please call (800) 331-4700.

Source: http://invensure.net/blog/blog/2012/02/california-workers-compensation-insurance/

touch nitrous oxide patrick witt nflx leprosy tampa bay buccaneers birdman