Every employee who joins a company
is entitled to various small business insurance packages, with work
compensation insurance being one of them. You might say that nothing
will happen to your people on your watch but it still pays to be sure
and to learn the intricacies of work comp insurance.
Under California labor laws,
companies are required to have worker compensation insurance prepared
even there’s only one employee in the pool. The same thing will
apply to out-of-state companies whose California operations are in
the hands of one employee. Some experts claim that sole owners may
not opt for worker compensation, but must take out a policy in the
event they are about to hire an employee.
When consulting a preferred small
business insurance agent, be sure you share with him certain details
on your organization. These may include the business’ membership in
trade bodies, industry classification, and history of work-related
injuries. When the insurance policy is in place, be sure to prepare
info guides for the employees and a notice on the bulletin board;
both will outline policy mechanics for the rank-and-file. Remember,
however, that when paying for your employees’ premiums, you will
have to shoulder it from company funds.
A well-organized work comp insurance
policy will make all the difference for your employees. They will be
at their best form when they are taken care of.
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