The worker compensation is an important insurance which is compulsory for both the business owners. In California the law has been passed which emphasis on providing California Worker Compensation to their employees to render safety in case they gets injured or falls sick while working. There are several components which the buyer of the insurance policy needs to understand before purchasing any policy. This insurance is to be taken by the small and big business in order to provide safety to their workers during the period of employment. If the employees are not able to return for their work due to the injury or illness and in case of loss pay, the employee is eligible to grant the insurance coverage.
The California Worker Compensation is required to be taken by all the companies. This compensation is required to be taken for the businesses that have employees. This type of work includes both the high risk and low risk jobs. To help the business to take up the insurance, the compensation board has developed a rating system which would suggest the premiums to the business owners for their employees. The charges of the insurance rates vary from one business owner to other who has their employees.