Must-Know: Workers Compensation for Small Businesses

Culver City Small Business OwnersUnfortunately, workers compensation has a bad reputation as many view the policy incorrectly. Rather than viewing workers compensation as a forced policy that you must obtain, think of your workers compensation policy as a safeguard for both you and your employees. Without workers compensation, your employees are forced to worry about who would pay for their medical expenses if they became injured, and you’d have no peace of mind that a lawsuit couldn’t ruin your business.

Workers compensation is lawfully enforced, allowing both employees and employers to receive the benefits of workers compensation. Small business owners often view this expense as unnecessary, however, without this protection, you run the risk of being sued if an employee becomes injured.

Workers compensation provides employees with benefits, as well as them knowing that their medical bills from work-related injuries will be covered. Workers compensation isn’t discriminatory of the cause of the injury or illness. If an employee spills liquid on the floor and then slips on it and injures him or herself, the workers compensation policy will still provide them with protection and medical expense coverage. Likewise, if your organization is determined to be the cause of the injury or illness, you’ll still receive protection. A workers compensation policy provides an individual with wage replacement benefits, vocational rehabilitation, and any necessary medical treatment.

As a small business owner, it’s imperative that you have sound safety procedures in place to minimize workers compensation claims. We recommend having a monthly employee safety refresher and placing safety reminders around the workplace. It’s always better to be safe than sorry!

Contact ISU Wissink Insurance in Culver City for all of your California commercial insurance needs. We can help provide you with workers compensation policies and procedures that allow you to minimize claims and safeguard your biggest investment.