Do we have to be a part of the State Compensation Insurance Fund, or can we go on our own for workers’ comp insurance?
400+ pages of state-specific, easy-read reference materials at your fingertips—fully updated! Check out the Guide to Employment Law for California Employers and get up to speed on everything you need to know.
California employers must carry workers’ comp insurance to cover
occupational injuries and illnesses. The State Compensation Insurance Fund—a nonprofit entity California employers may purchase workers’ comp insurance from—is one way of insuring compensation payments under California law. Employers may also:
- buy a workers’ comp policy from an authorized private insurance company
- self-insure, upon: proof of financial security and ability to pay; the
posting of a deposit equal in amount to future liabilities; the filing of
detailed reports every October 1; proof of an effective accident prevention
program; and the payment of annual license fees.
—CELA Editors