ALL California employers must provide coverage for their California employees
Group Health Insurance for California's Small to Larger Businesses and More
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Group Health Insurance In California
Group Health Insurance in California has gone through major changes in the past few years. It has been extremely difficult for businesses to follow and keep up with all the rules, changes, and requirements you must abide by.
Am I a small or large employer? Can I get better rates elsewhere? Am I obligated to offer health insurance to my seasonal employees? Valid questions like these are the reasons why JVRC Insurance can help you better understand where your company fits in all of this and what you should know about group health insurance in California.
JVRC Insurance can be your one-stop shop for finding the Group Health plan that is right for your business. Group health plans can cover the employer, employees, and dependents of the employees as well. There are many benefits of a Group Health plan such as non-discrimination of pre-existing health conditions and being able to provide a rewarding workplace to help recruit and retain your staff.
Are you curious what the cost is for a California Group Health Insurance policy for your business? Do you need to know whether your current Group Health plan is the best option out there? JVRC Insurance will shop the top carriers in California to find the most affordable group health insurance for small businesses. Whether you are a small or large employer we can help any sized business!
Contact JVRC For Group Health Insurance In California
If you’re interested in a quote or just simply have some questions, contact us today! We would love to discuss your California group health insurance requirements.
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Frequently Asked Questions about Business Insurance
Why is California Workers Comp Insurance so expensive?
Largely because of claims that occur, experience modifications, fraud and payroll amounts statewide
Where do we get the information we post on our blog site?
The Department of Insurance website, The WCIRB, The Insurance Journal and many other trusted sources
What is an experience modification?
It’s a percentage that compares the payroll and loss history of your company to a similar-sized company within the same industry. For example, if a company has a better than average loss record, their experience modification would be less than 100%. If that is the case you would receive a credit on your Workers Comp rates. If that is not the case however it would result in the opposite, an increase in rates. The experience modification can be closely compared to an individual’s credit score.
Why is Workers Compensation Insurance a necessary requirement?
It is illegal in the state of California to not carry it. There will be penalties, fines and many other consequences if a worker is injured and you do not carry it. Furthermore if there is a claim and you do not have California Workers Compensation Insurance at the time the employer is still liable for all costs relating to the injury which can be devastating to any company.
How does your insurance carrier determine what your experience modification number is?
This is calculated based on your payroll, premium paid and by your reported losses for the last three consecutive years
Who regulates and makes California Workers Compensation laws?
The Department of Insurance regulates the laws and the State Senate makes them
What is a Classification or a class code?
It’s a component used determine the price an employer pays for their workers’ comp insurance premium. Classifications are established for each industry and typically include all jobs or operations within a particular business.