Workers’ compensation is insurance paid by companies/employers to provide benefits to employees who become ill or injured on the job. Through this program, workers are provided with benefits and medical care, and employers have the assurance that they will not be sued by the employee.
Employers in all fields including Real Estate business, are required to provide workers’ compensation benefits to their employees/agents in California. Most employers purchase workers’ compensation insurance to meet this requirement. However, workers’ compensation coverage may not be required for some, such as sole business owners, business partners, and corporate officers. These exceptions should be reviewed on a case by case basis.
The cost of workers’ compensation benefits is based on the gross payroll and the number and severity of illnesses and injuries that type of employer experiences.
Workers’ compensation rates for the Real Estate industry tend to be lower than other industries.
We provide workers’ compensation insurance to all Real Estate professionals, Restaurants and other line of businesses.
Please contact us if you have any question or wish to discuss your workers’ comp insurance needs and we will be glad to walk you through the process.