What does the California Self-Insurers’ Security Fund provide?

The California Self-Insurers’ Security Fund is designed to provide security for claims against self-insured employers. This means that if a self-insured employer is unable to meet its obligations to pay workers' compensation claims due to insolvency or other issues, the Security Fund steps in to ensure that employees can still receive their entitled benefits. This safety net is crucial for protecting workers and ensuring they can access compensation for work-related injuries or illnesses, despite any challenges faced by their employer.

The other options do not accurately reflect the purpose of the Self-Insurers’ Security Fund. For instance, the fund does not sponsor employee training or provide general health benefits; its specific focus is on managing claims related to self-insurance. Additionally, while the fund does offer coverage for claims, it does not guarantee all workers' compensation claims universally, as not every claim would fall under its purview, especially those from employers who are not self-insured.