Workers Compensation Insurance – What Does it Cover?

Workers Compensation Insurance – What Does it Cover?

In the State of California, any business with at least one employee who is not the sole proprietor must provide workers compensation insurance. The coverage is designed to provide financial protection for employees who are injured while performing their duties in the workplace, and protect business owners from getting sued by their employees. Most of the protection provided by workers compensation insurance falls into one of four categories: medical treatment, disability, rehabilitation, and death and funeral services. Medical Treatment Medical treatment coverage provided by workers compensation insurance can be used to pay for doctor visits, hospital stays, emergency room visits, medications, therapy, and rehabilitation treatments. Coverage amounts will vary pretty widely depending on which plan a business owner chooses to buy, but most of them include coverage for additional equipment like crutches and wheelchairs. Disability Workers compensation can help cover a worker’s wages while they’re unable to attend due to their covered injury. The amount of coverage given will depend on the severity of the injury sustained. Insurance companies will classify covered injuries into one of four categories: temporary partial, temporary total, permanent partial and permanent total. Rehabilitation With some injuries, simply getting medical attention isn’t going to be enough. If someone sustains significant damage to one or more limbs, or are off their feet for an extended period of time, they may need to attend rehab to restore their ability to move freely. Workers compensation insurance provides coverage for physical and/or cognitive therapy as well as vocational rehabilitation to help an employee learn new skills if they will be unable to perform their old job after their injury....
Mudslide coverage is sometimes linked to prior brushfires

Mudslide coverage is sometimes linked to prior brushfires

The mudslides that swept through Montecito in Santa Barbara County earlier this year were chaotic — and devastating. They resulted in more than 20 deaths and scores of injuries. They destroyed more than 110 homes and 1,415 insurance claims were filed listing nearly $388 million in residential property losses, according to a recent Los Angeles Times article. Many of those homeowners didn’t have flood insurance, but California Insurance Commissioner Dave Jones issued a formal notice in January to all property and casualty insurance companies reminding them of their duty to cover damages if it was determined that the ravaging of hillsides and vegetation by the Thomas and other fires ultimately caused the mudslides. “Californians have suffered greatly with all of the devastating losses from wildfires that struck the state in the last three months of 2017,” Jones said in a statement issued in January. “If the evidence shows the Thomas Fire or another peril covered by a homeowner’s insurance policy was the efficient proximate cause of mudflow damage, I expect insurance companies to step up and cover these financial losses.” Homeowners insurance policies don’t cover floods, earthquakes, mudslides, sinkholes, war or nuclear accidents. But a separate flood insurance policy may cover mudslide damage as long as the mud is carried by a river or stream of water. However, if it’s a landslide caused by a saturated hillside coming down it wouldn’t be covered by flood insurance. Most Mendicino homeowners did not carry flood insurance since there was was very little chance of flooding so something had to be done. If you’re looking to buy a home you should check to see what...
Real estate agents and insurance agents can be a great resource

Real estate agents and insurance agents can be a great resource

Real estate agents are some of the best resources available for clients to learn the ins and outs of home ownership. Whether they’re looking for a new home to buy, or are in need of information regarding inspectors, appraisers, and interior-decorators to help them sell, working with a well-informed real estate agent is a must. Being a client’s go-to-guy or gal for home shopping means that it may be a good idea to have some homeowners insurance knowledge under your belt for when your clients inevitably ask about it. Luckily, a real estate agent doesn’t need to be an expert in homeowners insurance to be able to help out. Simply knowing enough to help a client find their own expert can be enough. Know the Home’s Location Intimately The location of a home will have a tremendous impact when it comes to the buying or selling of that home, but it also plays a significant role when someone wants to buy homeowners insurance to protect it. It’s always a good idea to know if the home rests in an area that may put it at additional risk. For example, homes that are located at the bottom of a hill or basin tend to carry higher risk if that area is prone to flooding. Also, some homes (especially those in Santa Clarita) are located in areas that are at risk of brush fires. Check for Exclusions Check with an insurance agent to find out if there are any exclusions related to insuring a home in a given area. For example, many homeowners insurance policies include water damage protections in the...