Choosing Workers' Compensation Insurance

Workers’ compensation insurance is major expense and concern for most businesses in California. Great coverage from great providers can rein in costs while providing ample protection for employees who are injured on the job – especially for organizations in construction, manufacturing, distribution, restaurants & hospitality, or real estate and financial services.

Unlike many forms of insurance, workers’ compensation insurance – or as many people refer to it, workmens comp insurance – is mandated by law, making it a quick decision for most business owners that they must factor into their costs. But a good workers’ compensation insurance policy can have a number of benefits, and with so many carriers out there, it helps to have a company like Radius Insurance on your side guiding you in the decision making process.

Factors in Choosing a Workers’ Compensation Insurance Plan

There are a number of factors you’ll consider when choosing your workers’ compensation policy. These might include:

  • Rates
  • Territorial debits and credits
  • Legal compliance with statutory limits
  • Proper classification of your operation and employees
  • Accurate Payroll projections
  • Monthly reporting and billing options
  • Coverage of injuries that occur in states outside of the one in which you normally operate, especially if there is frequent travel.
  • Company’s Am-Best ratings, financial strength and claim handling reputation
  • Availability of Loss control and safety program assistance

The Importance of Rate Comparisons

Depending on these options and a number of other important factors such as your industry, the time you’ve been in business, your safety protocols and claim history, and many others, your cost for workers’ compensation insurance will vary widely. That’s why it’s so important to evaluate and compare premium costs carefully based on your criteria.

Request a Quote from Radius

Radius Insurance can help you do just this. Focused only on business insurance policies, we work with more carriers than most other agencies and can work to ensure you get the right match for your needs. Contact us today to learn more or click the button below to request a quote for workers’ compensation insurance for your business.