There are certain circumstances under which a business is required to keep workers compensation insurance. Workers compensation insurance is intended to protect both the company and the employees with costs in the event that their employees are injured during the course of work. Workers compensation insurance pays out regardless of who was at fault during the injury, and provides other benefits such as death benefits as well.

Regulations vary from state to state, but in general workers compensation insurance is required as long as you have one employee. The amount of your workers compensation insurance will depend on how many employees you have and will be calculated out based on this amount as well as other factors.

Those that want to know more about their workers compensation insurance requirements should contact an insurance agent as soon as possible, as there are strict fines and penalties for not having workers compensation coverage. For more information about the requirements for workers compensation insurance contact Martplan Insurance in La Habra, California.