New York, NY – Hiscox, an international specialist insurer and leading small business insurer, recently announced the launch of its workers compensation insurance program for small businesses in California. The new policy, underwritten by Hiscox Insurance Company Inc., a Chicago-based insurance company, is offered along with Hiscox’s professional liability insurance, general liability insurance, and business owners policies. Small business owners can add this policy through a licensed insurance professional.
The new workers compensation policy is designed to cover medical benefits and wages should an employee suffer an injury or illness as a result of their work. The workers compensation policy also provides the employee with access to experienced medical providers who can assist with recovery. In California, workers compensation insurance is generally required for all businesses who have employees. Failure to have workers compensation insurance can leave business owners responsible for employees’ out-of-pocket expenses and exposed to potential fines or penalties by the state.
“With Hiscox’s workers compensation coverage, small business owners can rest assured that their employees will get the care they need in the unfortunate event of an injury,” said Kevin Kerridge, Executive Vice President of Small Business Insurance at Hiscox USA. “We look forward to launching this new offering in additional regions.”