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We are all about problem solving!

A customer of one of our clients was requesting that a specific change be made to their policy. The customer was providing work for a city within California. This City had a third party company handling their insurance certificate requests … Continue reading →

We are in this for the long haul and willing to go the extra mile to earn your business and trust!

One of our agents had marketed a potential client offering the help we could provide on their current California workers compensation policy. After a couple conversations we realized they were not very happy with your current insurance broker and needed … Continue reading →

There is nothing too difficult for us to handle, we can do it all!

We came across a California General Contractor who was in need of some insurance assistance. The owner had ownership in three separate companies where all insurance policies were unfortunately being mishandled by their current broker. Several organizations such as the … Continue reading →

Frequently Asked Questions about Business Insurance

Are all California businesses required to carry Workers Compensation Insurance?

ALL California employers must provide coverage for their California employees

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.