We Run Through How Your Premiums Are Calculated for Workers’ Compensation Coverage
In the state of California, employers of all kinds, big and small, are under a legal obligation to take care of their workers when they are injured in the course of doing their jobs. This legal mandate, generally known as workers’ compensation protection or coverage, comes in the form of an insurance policy every employer has to have in place and pay for if operating within California. The cost of this coverage for the employer is determined by a specific formula and cost factors that the employer is expected to accept but has no control over. This is an ongoing matter of concern for employers because the cost of the coverage is an unavoidable operating cost to do business in the state.