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Is your Workers Compensation getting out of hand? Is the premium becoming unaffordable? Or are your losses getting out of control leaving you feel helpless not knowing when the next loss will cause your premium to spiral out of control? We can Help! Del Dios Insurance Services is able to provide you with loss control that will work with you to provide assistance in development and enhancement of an effective safety program, and save you money.
Get an Insurance Binder now.
You may also contact us at (760) 975-9554.
The difference between a Workers' Compensation policy offered through Del Dios Insurance Services and a Workers' Compensation policy offered by another agency or insurance company is service.
As part of our service, Del Dios Insurance Services offers your business our 'building block' system to help you build a strong foundation for operating a safe, secure work environment. The building blocks include accident prevention, loss control service, claims management, and a medical and disability management program.
What does this mean to you - the employer?- Reduced injuries and losses
- Reduced medical and disability costs
- Reduced policy adjustments
- Reduced premium costs
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Workers' compensation first started in Germany in the 1800's. A need was seen to take care of injured workers so they did not suffer physically or financially from injuries resulting from working for a company. Workers' compensation became common in the US in the 1930's and 1940's. It continues today in all 50 states and in its territories. Workers' compensation is basically the same and a change in benefits in a particular state may result in similar changes in other states.
When workers' compensation was first proposed, a compromise was reached between businesses and the worker. In order to encourage businesses to accept full responsibility for the premium costs of workers' compensation, the workers gave up the right to sue the employer for damages resulting from a job related injury. This 'doctrine' continues basically intact to this day.
Rather than a benefit, workers' compensation is a legally mandated right of the worker. Businesses who meet certain requirements must provide workers' compensation for all employees of the business. There are fines and other forms of punishment for businesses (and owners) who have not provided coverage as required by law. Workers' compensation is purchased from several possible sources: Private companies, State Funds, Insurance Pools, Self Insurance Programs.
Workers' compensation laws and regulations are made by each state and are regulated by state officials. Workers' compensation by itself loses money for most carriers, so some carriers may require a business to purchase other coverages in addition to workers' compensation before voluntary workers' compensation coverage is offered by the carrier.