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Workers Compensation Insurance

Workers' compensation is a mandatory type of business insurance that provides employees who become injured or ill while on the job with medical coverage and income replacement. It also protects companies from being sued by employees for the workplace conditions that caused such an injury or illness.
Workers' comp coverage provides four types of benefits (medical care, death, disability, rehabilitation) for employee job-related injuries or diseases as a matter of right (without regard to fault). This insurance is usually purchased by the employer from an insurance company or insured through Self Insured Groups (SIG’s). The premium rate is based on a percentage of the employer's payroll and varies according to the employee's occupation.

Some of the Value-Added Services we provide are:

  • Experience rate your account
  • Validate your experience modification
  • Forecast future mods
  • Review payrolls for corrective action
  • Analyze and sort claims for corrective actions
  • Work with Carriers and to be sure corrections are completed
  • Management and Safety Policies
  • Injury and Illness Prevention Program
  • Safety Incentive Program
  • Light Duty-Return to Work Program
  • Cal / OSHA Record keeping Requirements
  • Fleet Safety Program
  • Job Hazard Analysis
  • Tailgate Topics for Employee Tailgate Meetings
  • Accident Trend Analysis
  • Workers Compensation Claims Records System

Alternative risk plans come in three basic forms: self-insurance groups, captives, and self-insured. Self Insurance is usually chosen by the largest firms usually paying working compensation premiums of upwards of $1 million or more. It requires the posting of a surety bond and other financial disclosures.

Self Insurance Groups (SIG’s) and Captives are available for small and mid-sized companies. They occur when employers join together to share some level of risk and use their group buying power to purchase cost effective insurance, fronting, and critical risk management services, including claim management typically provided by a third party administrator.

To receive more information regarding this program click here.