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Business Liability and Workers Comp Policy Options for California Businesses

Save-On Offers Comprehensive Business Liability and Worker’s Comp Options for California Business Owners

Business Liability and Workers Comp

Businesses are nothing without trust; the trust of their customers, the trust of their employees, and the trust of their partnered organizations! And, trust is why insurance is such a vital part of a business’s operation and ecosystem. Save-On Insurance Services can provide their clients with the know-how and experience to match any business up with the right worker’s compensation insurance available in California today.

All About Business Liability and Workers Comp

Workers compensation is the insurance that acts as a safety net for both a business’s employees and staff members, as well as for the business itself.

In the event a California worker is injured while on the job, worker’s compensation protects employees against potential lawsuits and injuries. It provides wage replacement, payment for potential economic loss, and even medical expense reimbursement if a loss is incurred.

In exchange for these myriad benefits, the worker, in a vast majority of cases, will relinquish their right to sue the California employer or business for negligence. The business is afforded a greater risk management position which reduces employer liability.

High X-Modification

An additional facet of worker’s compensation is the x-modification factor. All businesses within a certain industry have shared “experience modification;” for some, it’s referred to as x-modification.

Per industry, there’s a certain expectation of how likely an illness or injury is to occur on the job. Individual businesses within that shared pool that manage a lower average get a lower x-modification factor. Those that net a higher average of illness or injury are classified as ones having a high x-modification factor. These factors directly affect the company’s premium. The higher the x-modification factor, the higher the premium, and in some cases, this can be a pretty high multiplier.

How We Help

Navigating the world of business liability and workers comp, as well as x-modifications can be exceptionally difficult. That’s where Save-On Insurance Services comes in.

Recommended by Forbes magazine, Save-On can save clients time and money by finding the best insurance matches for them without breaking administrative budgets. In the realm of business liability and workers comp, that means we can find programs tailored to help small business owners, mid-size companies, and large companies alike. It doesn’t matter if your business has one employee or one thousand employees. Need programs that include worker’s compensation in payroll? We have them. Concerned about compensation claims? Our risk management expertise can reduce them.

Worried about having a high x-modification rate? Never fear—the companies we coordinate with have some of the most affordable rates for those with them.

Our insurance match-making skills do not discriminate based on business. Save-On Insurance Services guides contractors, builders, manufacturing companies, and all other manners of business with equal ability. We search throughout our entire Golden State for the most golden insurance possibilities.

Contact Us

Save-On Insurance is a leaders in the West Los Angeles and throughout the Southern California region for Commercial Insurance Products and Services. And, we are here to save you time and money. To get started finding the best worker’s compensation plan for your business, fill out the form on this page. If you’d like to talk to one of our agents over the phone, please feel free to contact us at (310) 474-7283.