What is Worker’s Compensation Insurance Policy for Los Angeles, California Residents? 

Injuries are inevitable to happen, especially on workplaces and when these unfortunate events happen, it can be costly. On top of this, employees affected may be incapacitated to work over a period of time or even permanently. If an employee is killed on the job, their dependents lose their wages and other benefits to the family for the rest of their lives.

This is why nearly every state in the United States requires employers to carry out a Worker’s Compensation Insurance. This type of insurance covers medical-related expenses sustained from injuries happening within the workplace premises. 

To be more specific, these are the entitlements bound by the worker’s compensation insurance: 

• Medical coverage: Health visits, hospitalization, prescription drugs, physical therapy, and other medical treatments are all covered.
• Disabilities: When employees are unable to work due to an on-the-job accident, policies include a partial replacement of lost wages. If the disability is temporary or permanent, partial or complete, determines the number and length of benefits.
• Rehabilitation: Jobs who are unable to return to their previous career will now acquire a new ability based on their existing skills.
• Death benefits: The spouse and minor children of a worker killed on the job are entitled to benefits.

State Laws 

Each state has their own distinct laws and regulations. Except in Texas, all states require companies of more than a few employees to provide workers' compensation insurance. The premium amounts and benefits depend on the location and nature of the business. 

As of the moment, Alaska holds the highest average premiums in the country as they are prominent in the lumberjack business which is known to be a high-risk occupation. Under each state, there are different agencies that carry out worker’s compensation policies. It may be state-led agencies, private insurance companies, or the state itself. 

In California, every person and apprentice working for an employer must be covered by a worker’s compensation insurance. It must be in legal writing and oral agreements. It also includes employees who are working legally or illegally. While children and partners are not required to have insurance in California. 

What type of injuries fall under the Worker’s Compensation? 

For instance, if an employee gets injured while performing regular job responsibilities, worker’s compensation may help. The insurance also covers illnesses like getting sick from chemicals inhaled at work.  

Records stated that about 30% of worker’s compensation cases are sprains and strains caused by lifting heavily. Employees experiencing this type of injury takes about 12 days before they can go back to work. 

On the other hand, the insurance does not cover the following injury or illness: 

• Involved in a fight caused by the employee 
• The occurrence is intentionally caused by employee
• When the employee is intoxicated 
• When the effect if emotional and with no physical trauma 
• When the occurrence happened during the employee’s travel

But this is subject to the state laws that your area follows. It is best to consult with your insurance company. Logos Insurance Services offer an all-inclusive insurance brokerage firm for all your concerns. 

At Logos Insurance Services, we specialize in assisting you in locating the best insurance coverage for your specific needs are now serving Los Angeles, California Residents. We continuously assess the company's or business's needs and find tailored insurance solutions to meet them while providing exceptional customer support to ensure a smooth and hassle-free experience. Contact us right away to assess the business risks and determine how to protect yourself best. You can also call us on our hotline (818) 860-4400 for more details.

If you think you have the best insurance policy, try to think again and secure your business even more for Los Angeles, California Residents.

Umbrella Insurance is a form of insurance designed to cover a wide area of business that is not normally covered by your primary insurance. Some overlook this insurance since they think that its implication and use are farfetched and are downright trivial. However, policymakers argue that Umbrella Insurance is heavily useful depending on your primary insurance. In which case, most primary insurance tends to have lapses which make Umbrella Insurance a must-have for any business.

Here are three quick reasons why you should get Umbrella Insurance.

Policy Holes

Some insurance policies are so good on their own that you’ll get hooked into purchasing. They have very promising coverage that you think fits perfectly into your needs. That’s good. But what you may have missed out, is what the policy DOESN’ T cover. This is where Umbrella Insurance comes into the picture. You may have your workers, premises, and vehicles secure, but some of your assets remain in the open air. When the time comes, you won’t have any insurance to support you - which brings us to the second reason.

Unpredictability 

You’ll never know what will happen. Let’s say one day, one of your high-ranking officers got into a fight with an employee, and the latter decides to file a lawsuit against you and your officer. Under your already purchased policy, your employee is entitled to receive compensation for work-related injuries. But what if, in this case, the employee still decided to file a lawsuit arguing that what happened is not an accident but a deliberate act of violence. You may have the money to compensate your employee but not the money for all the lawsuit processes. Umbrella Insurance can help you with that.

Lesser Hassle

Concerning the two factors mentioned above, availing Umbrella Insurance will save you from future and sudden stress. Managing to get all your paperwork and allotting monetary funds for all the lawyering involved is stressful to do upfront. Doing so might compromise all your other tasks inside your business. Having insurance to save you at the most unpredictable times will serve its purpose; to ensure you of the uncertain.

At Logos Insurance Services, we specialize in assisting you in locating the best insurance coverage for your specific needs are now serving Los Angeles, California Residents. We continuously assess the company's or business's needs and find tailored insurance solutions to meet them while providing exceptional customer support to ensure a smooth and hassle-free experience. Contact us right away to assess the business risks and determine how to protect yourself best. You can also call us on our hotline (818) 860-4400 for more details.

Workers have all the right to be treated fairly under the law. It has been a century-old warcry of all the workers ever since the idea of industrialization was born. Now that time has evolved, workers have attained some of the rights that they deserve. But these rights can become privileges if abused for Los Angeles, California Residents.

It is undeniable that there are occasions when employees use their stature and attained rights to get more from the company that they’re working for using downright extortion. That’s why Employment Practice Liability Insurance is created to protect the company when such misfortune occurs. You wouldn’t want your company to get prosecuted in a simple issue of misunderstanding and false accusations, would you?

Disclaimer: this is not intended to wrong all employees in general but to state a factual situation where employers are being held accountable falsely by employees. And therefore, this is pointed only towards the benefits of availing such insurance for the interests of any employer concerned.

So, here are some specific situations where Employment Practice Liability Insurance will be much needed.

Defamation

Reprimanding your employees is a must when running a company. It will not be a successful business if you will not manage your work properly with supervision. This instance, however, can be taken wrongly. A simple constructive criticism can be rebranded as oral defamation if one wants to. 

Refusal of Employment

Oddly enough, some states in America have laws that forbid employers from refusing some applicants for employment. Though the law has its limitations and exceptions, not everyone understands it well. Employers will have no choice but to hire practically anyone if they are unaware of the true essence of the law. And if things get even worse, a simple denial to employ an applicant can make you and your business famous across the internet.

Unfair Dismissal 

Although most contracts state the clause, “you are at any time, at the disposal of the employer with or without the need for disclosure.” Even if the employee willingly signed the contract knowing that they can be fired at any time, they might still use it against you.

Employment Practice Liability Insurance fights the number one enemy; false allegations. These simple instances stated above can be expanded, stretched, and renamed to make you look bad and compel you with everything they want. Secure your business from compensation to lawsuit funds with Employment Practice Liability Insurance.

At Logos Insurance Services, we specialize in assisting you in locating the best insurance coverage for your specific needs are now serving Los Angeles, California Residents. We continuously assess the company's or business's needs and find tailored insurance solutions to meet them while providing exceptional customer support to ensure a smooth and hassle-free experience. Contact us right away to assess the business risks and determine how to protect yourself best. You can also call us on our hotline (818) 860-4400 for more details.

The main reason why most companies avail insurance for their workers is for health benefits. And you should really be getting one for Los Angeles, California Residents. But, which health insurance should you get?

Ensuring your health is the primary concern of pretty much every human on earth. And every worker, employee, and employer should get the benefit of securing their health while working in the workplace.

Some business owners, however, pick individual health insurance for their team. This is not only ineffective, but it is also very costly. Group Health Insurance is the best type of insurance for businesses. It is availed in the package and covers the general benefits of health insurance.

Here are some models of Group Health Insurance that you can avail of.

Preferred Provider Organizations (PPO)

This Group Health Insurance model is somewhat cheaper since it is built on a network of healthcare providers, doctors, and hospitals. If a worker is insured under a PPO Group Health Insurance, he gets discounted fees on partnered facilities depending on the insurance policy. This insurance requires a co-payment from the employee.

Health Maintenance Organization (HMO)

Just like the PPO, HMO Insurance works on networks. This time, an employee gets health maintenance services from partnered healthcare providers without a co-payment. This model is probably the most preferred model of Group Health Insurance by employees.

Health Savings Account (HSA)

This model is the most prominent and is widely used. HSA coverage is usually activated after the tax-advantaged savings account reached its quota. This type of insurance pretty much works well for employees and insurance providers.

At Logos Insurance Services, we specialize in assisting you in locating the best insurance coverage for your specific needs are now serving Los Angeles, California Residents. We continuously assess the company's or business's needs and find tailored insurance solutions to meet them while providing exceptional customer support to ensure a smooth and hassle-free experience. Contact us right away to assess the business risks and determine how to protect yourself best. You can also call us on our hotline (818) 860-4400 for more details.