As an employer in Oregon or California, you probably know that state law requires you carry to workers compensation insurance. However, did you know you have several choices of insurers and policies that you can customize to meet your needs?
What is Workers Compensation insurance?
Prior to the creation of workers comp insurance, an employee who was injured on-the-job turned to the employer to recoup their medical costs, lost wages and other incidental costs. Many times there was a dispute over who was at fault. This lead to lengthy and expensive lawsuits. Oftentimes, at the end of the suit, the business was bankrupt and the employee recovered nothing.
Workers comp insurance was created as the solution to this dilemma. Under this system -- which is required for employers in both Oregon and California -- employers pay for insurance to take care of their employees in cases of on-the-job illness or accidents. As a result, employees can get immediate care and you, the business owner, are kept safe from expensive and time-consuming employee lawsuits.
Workers Comp Insurance provides six basic benefits:
- Medical care
- Temporary disability benefits
- Permanent disability benefits
- Supplemental job displacement benefits
- Vocational rehabilitation
- Death benefits
Regardless of the size of your business it is critical that you protect yourself with a workers comp insurance policy that fits the size and nature of your business.
Monte Johnson Insurance Services Inc.
At Monte Johnson Insurance, our friendly and experienced agents are ready to help you assess your needs and protect you against risk with an affordable workers comp insurance policy. With locations in California and in Oregon, we are here to serve you.
Get started today! Give us a call or simply fill out the Protection Savings Form on this page right now to get started.