EmploymentQuestion 1011 of 1605

Instead of buying a workers' compensation policy, a very large employer may satisfy the coverage requirement by:

a.Simply promising in writing to pay any claims
b.Paying a flat annual fee to the CSLB
c.Becoming a certified self-insurer after obtaining approval and posting security
d.Requiring each employee to buy personal health insurance

Explanation

Labor Code §3700(b) allows an employer to self-insure if it obtains a certificate of consent to self-insure from the Director of Industrial Relations, which requires demonstrating financial strength and posting a security deposit. Self-insurance is realistic only for large, financially stable employers.

Law Reference: Labor Code §3700(b)

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Reviewed by Abraham Chen Licensed California General Contractor (CSLB License #1101856 verify)
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