What is SCIF workers comp?
The State Compensation Insurance Fund, or SCIF, exclusively writes workers' comp insurance in California. They are a competitive state fund, which means their rates can vary significantly. SCIF offers competitive rates for companies with good claims experience and low risk class codes.
What is the purpose of California's State Compensation Insurance Fund SCIF?
What is the purpose of California's State Compensation Insurance Fund (SCIF)? California's State Compensation Insurance Fund (SCIF) provides workers compensation insurance. this insurance. The State's plan is typically utilized only if a company cannot otherwise obtain the coverage in the commercial market.
How do I get workers compensation insurance in California?
There are three ways to buy a workers' comp policy in California:
- You can buy it from a private insurance carrier. ...
- You can buy it from the state fund. California has a competitive state fund for workers' compensation: StateFund First.
- You can self-insure your business.