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California Workers compensation Insurance
In the State of California workers' compensation(Works Comp) insurance provides medical and disability
coverage for the company employees in the event of a work related
illness or injury. The employers' liability portion of most Workers'
Compensation policies protects the company in the event that an
employee files suit claiming that the company was negligent and is
the cause of the work related illness or injury. Workers'
Compensation insurance is required in the State of California.
Why would a company doing business in California purchase Workers'
Compensation Insurance?
All California employers are required by law to carry Workers'
Compensation coverage. Many companies here in California feel that
their only source for Worker’s Compensation coverage is the state
fund which is an unfortunate misunderstanding. There is incredible
competition for your business in this state and you should know
about all of your options.
Example of how California Workers' Compensation coverage can protect your
business.
One of our manufacturing clients, who has great controls in place to
protect their employees, had recently conducted a meeting which is
part of their on going employee safety program. While lifting a
container of finished products, an employee injured his back and was
taken to the hospital. The company immediately notified us and began
the process of managing the claim through the Arroyo Insurance
Services Workers' Compensation.
The claim was verified as valid and the employee entered in physical
therapy and returned to work with in two weeks. Had the company not
had the correct coverage and our claim’s management process in
place, this accident could have cost the company to write a blank
check.
Shortcuts to watch for in your California Workers' Compensation
Policy
Often a broker will represent a savings in Workers' Compensation
policy when in fact they have reclassified employees into job
classifications that are incorrect. This may lower your premium for
a short period, but if a claim occurs and the employees are not
correctly classified, the claim can be denied and the company can be
held liable. Your broker's knowledge of your business is crucial and
is why I will always take the time to understand what each job
description entails and how the employees do their jobs so my
clients are not subject misclassification.
Get a California Workers Compensation Quote now - Click Here
What is an Experience Modification Number (Ex Mod)?
The Experienced modifier, experience modification or Ex Mod is a
term used in the insurance industry to reflex the number used as a
multiplier for workers' compensation insurance rates. It is the
adjustment of manual rating based on previous loss experience;
usually three years of loss experience are used to determine the
experience modifier for a workers' compensation policy of carriers
in California.
Experience modifications are figured using these losses, compared to
the losses that are expected based on the business of the employer.
How do companies control Workers' Compensation claims?
At Arroyo Insurance Services we help our clients take a “holistic”
approach to worker’s compensation claims. By understanding that you
must look at the whole organization and help employees understand
that they have options. By creating an environment where employees
know that they will be taken care of in the event of a claim,
employees will begin to act in more responsible manner.
One of the most effective ways to lower worker’s compensation claims
in California is to provide a group health coverage option for all
employees. How does this lower your workers' compensation claims?
When and employee has healthcare coverage he has “24 hour coverage”
meaning they are covered while on the job and while off the job.
These employees have been statistically proven to file fewer
workers' compensation claims and return to work in a shorter period
of time.
Get a CA Workers Compensation Quote now - Click Here
Controlling claims and getting your claims closed in a timely
manner.
Obviously, the best way to control workers' compensation claims and
costs for your California business is to avoid injury claims. This
means that your California company needs to take the necessary steps
in providing a safe work environment, provide effective safety
training and use ongoing programs to promote workplace safety. It is
also important that management play a daily role in ensuring that
employees follow these safety guidelines to prevent and reduce
workplace accidents.
Providing safety training and promoting awareness is much more than
simply posting safety reminders in common areas of the workplace.
Many California companies have found that holding workshops, safety
seminars and offering safety incentive programs help to ensure that
employees remain aware of their surroundings at the job site.
Additionally, it is important that you use up-to-date classification
codes for your job positions. For instance, a common mistake made by
California business owners is that they file all administrative
staff under the code of office clerk. However, a file clerk has a
much different job than a data entry clerk. The file clerk does not
typically type all day like a data entry clerk, who is more
susceptible to carpal tunnel injury. Using proper codes can ensure
that your staff is properly recognized under your insurance policy
and can prevent many inaccurate claims.
Finally, having an appropriate workers' compensation insurance
policy will not only help you to control claims, but close your
claims in a timely manner. When employees are coded properly under
their job positions and you take the necessary steps to ensure
safety at the workplace, your insurance provider will be able to
more effectively help you should a workers' compensation claim be
placed.
California Workers Compensation News:
Workers' Compensation Industry Sees Obesity-Related Claims Ahead
June 10, 2009
It's time to face facts: the U.S. is a nation of obese workers. About a quarter of the nation is obese, according to the Centers for Disease Control and Prevention (CDC). While this presents serious health implications for those who are overweight, it also presents serious implications for the workers' compensation insurance industry.
Read More...
California Provides Assistance to Injured Workers
June 1, 2009
The California Department of Industrial Relations (DIR) and the Division of Workers' Compensation (DWC) have teamed up with the Watsonville, Calif.-based Workers' Compensation Enforcement Collaborative (WCEC) provide assistance to injured workers seeking benefits when their employers are illegally uninsured. The DWC's Information and Assistance (I&A) Unit in Salinas has been planning with WCEC members and others and today launched a "customer service initiative" pilot project designed to help these injured workers get benefits while shining a spotlight on their illegally uninsured employers.
Read More...
Soaring medical insurance costs are a sore spot for employers
April 6, 2009
Reporting from Sacramento -- Soaring medical costs may drive up premiums paid by
already beleaguered California employers for workers' compensation insurance --
after rates plunged 65% over the last six years.
“Where do they think the extra 24% is going to come from?” said Roman Versch, a La Verne pet supplies retailer, of the proposed workers' compensation insurance premium hike. Insurers say rising premiums justify a 24.4% rate hike, but employers and the governor oppose it.
Read More...
California Court: Workers' Comp Doesn't Bar Independent Contractor's
Claim
December 29, 2008
Projected 2008 Net Premium is $1.7B
California State Compensation Insurance Fund: First Open Meeting
Reveals Disturbing Ratios - In its first attempt at transparency
since the passage of SB 1145, State Compensation Insurance Fund
(SCIF) held its first open board meeting in San Francisco. Much of
the discussion was much ado about nothing with the exception of its
3rd quarter financials which generated some pointed public comment.
SCIF is California’s workers’ comp market of last resort.
Read More...
California Workers' Compensation Premiums Down in 2008
December 16, 2008
The Workers' Compensation Insurance Rating Bureau of California has
completed its report summarizing insurer loss and premium experience
through Sept. 30, 2008.
Read More...
California Court: Workers' Comp Doesn't Bar Independent Contractor's
Claim
December 9, 2008
Workers' compensation does not bar a worker injured at a
construction site from bringing a tort claim when the worker is an
independent contractor, the California Court of Appeal has ruled.
Read More...
Carriers that
offer Workers' Compensation coverage in California
Businesses:
ACE Property & Casualty Insurance Company , American Guarantee &
Liability Insurance Company, American Zurich Insurance Company, Amerisafe, Arch Insurance Company, Assurance Company of America,
California Insurance Company,
Chubb Insurance Group,
CompWest Insurance Company,
Continental Insurance Company,
Cypress Insurance Company,
Delos Insurance Company,
Discover Property & Casualty Insurance Company,
Employers Compensation Insurance Company,
Employers Direct Insurance Company, Employers Insurance Company,
Endurance Workers Compensation Insurance Company, Erie Insurance,
Everest National Insurance Company, Explorer Insurance Company,
Great American Insurance Company, Insurance Company of the West,
Liberty Mutual, Liberty Mutual Insurance Company, Lincoln General
Insurance Company, Majestic Insurance Company, Manufacturers
Alliance Insurance Company, Maryland Casualty Company, Missouri
Employers Mutual, North River Insurance Company, Northern Insurance
Company of New York, Nova Casualty Company, Oak River Insurance
Company, Old Republic General Insurance Corporation, Pacific
Employers Insurance Company, Penn National Insurance, Pennsylvania
Manufacturers Indemnity Company, PMA Insurance Company, Preferred
Employers Insurance Company, Redland Insurance Company, Seabright
Insurance Company, SPARTA Insurance Company, State Compensation
Insurance Fund, State Compensation Insurance Fund (California),
State Farm Fire & Casualty Company, The Hartford Financial Group,
TIG Insurance Company, Tower Select Insurance Company,
Transcontinental Insurance Company, Transportation Insurance
Company, Travelers, United States Fidelity & Guaranty Company,
United States Fire Insurance Company, Valley Forge Insurance
Company, Wausau Business Insurance Company,
Wausau Underwriters Insurance Company, Zenith Insurance Company, Zurich Insurance Company
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We help our clients reduce expenses while maintaining or improving
their over all insurance coverage.
- Average Reduction in Premium 10-20%
- We work for you
- Reduce time managing insurance programs
- Identify Coverage gaps
- Risk analysis
Contact us
Why work with Timothy R. Pine Insurance Services:
- 3 Generations of Insurance Experience
- Choice -Admitted A Rated Carriers
- Dedicated account manager
- 4 Hour turn around on certificates
- Loss prevention program
- Workers Comp Claims Management
- Personalized Risk Assessment
- 98% Client Retention rate
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