California state fund insurance
California state fund insurance is a self-supporting, non-profit enterprise that offers workers’ compensation insurance to the state of California employers.
The professional employees of California state fund insurance provide full services for employers and their injured workers and strive to keep costs down. Currently, around 200 employer associations offer coverage through State Fund.
California state fund insurance stresses customized loss control services, medical cost management, and anti-fraud efforts.
Several things you should know about California state fund insurance:
• 1913 - The Legislature passes the Boynton Act, which creates a no-fault workers’ compensation system and requires that all employers provide such coverage for their employees.
• In the year 1914, California state fund insurance, established by the Boynton Act, opens its doors in San Francisco.
• California state fund insurance is headquartered in the city San Francisco.
• State Fund has become a model for the industry and other states by emphasizing stability, and providing required benefits timely and fairly.
• Unused premium, in excess of operating expenses, are returned as dividends to policyholders. State Fund has thus far returned over $4.8 billion to its policyholders since it was founding.
• Workers’ compensation insurance may be purchased directly from State Fund by contacting any California state fund insurance locations, or through a broker that has a recognized business relationship with the California state fund insurance.
• In order to join the California state fund insurance, first step is to complete the questionnaire obtainable by contacting any of State Fund’s Office locations. If your business has had prior workers’ compensation insurance, you will be asked to provide a policy history. Additional information may be needed on a later stage.
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