Not every state has the same worker’s compensation insurance law as it relates to cost. Some states are very efficient in handling the costs related to their Workers' compensation insurance. These states don’t view worker’s compensation insurance cost in dollar amounts. They view it as a comparison to the entire payroll cost. Located in the state of California, Wynn Insurance Agency has experienced agents willing to assist and provide the right information necessary to secure worker’s compensation insurance.
The question now is, why are some states worse than others? Many states are fortunate to have clear guidelines as to the worker’s compensation laws. However, other states can be more complicated and may require more attorney navigation, which could inevitably cost more money. Most of the variations to the worker’s comp laws in these states come from issuance and assignment. In California, for example, it is mandatory for all employers to have Workers' compensation insurance, whether the employer only has one hired employee or more. This is not the same in other states. In California, there are more workers’ comp lawsuits than in other states.
The employees in a company deserve protection from workplace injuries so they can be properly compensated. The worker’s comp insurance cost does not trickle down to the employees. The company has to foot the bill, including payment for attorney fees, commissions to vendors, and other associated payments. Therefore, injured workers suffer by not receiving the right payments that they are allowed by law.
Many California employers don’t know where to turn to get affordable workers' compensation insurance to benefit their employees. Insurance companies like Wynn Insurance Agency in California have adopted good measures to make this type of insurance available and economical for employers. Contact us today so we can discuss your immediate needs.