TUESDAY, DECEMBER 22, 2020
Employees are the main key to any business. They are often the face of your company and the individuals who keep your business growing successfully. Business owners have a responsibility to keep employees safe and one of the ways you can do this is by providing workers compensation.
What Does Workers Compensation Cover?
Workers compensation covers expenses related to workplace injuries. Benefits under workers compensation include:
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Medical Payments: Workers compensation can cover medical bills an injured employee may face such as immediate emergency expenses, doctor’s visits, procedures and more.
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Disability Benefits: Disability benefits step in if the employee is rendered temporarily or permanently disabled due to a workplace injury. This can include compensation for recovery as well as vocational disability benefits in case the employee’s injury no longer allows them to work in the same industry.
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Wage Replacement: If the employee is unable to work for a certain period of time due to their work related injury, workers compensation can cover a portion of their income.
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Death Benefits: In rare cases, employees may pass away as a result of workplace injuries. In these cases, benefits can be paid to the employee’s surviving family members to help cover funeral costs and more.
When is Workers Compensation Required?
Workers compensation laws vary state by state. Primarily, this requirement depends on your industry and number of employees, as not all industries operate under the same laws.
In California, essentially all employers are required to provide workers compensation even if they have only a single part time employee. The status of an employee does not affect their right to workers compensation in California, whether they are full time, part time or seasonal.
One of the few exceptions is for sole proprietors who are not roofers. Sole proprietors do not generally have to carry workers compensation.
Self employed individuals may face a harder time when looking for workers compensation requirements, as this may vary depending on the type and structure of the business. Those who are self employed should contact the California Department of Industrial Relations to discuss workers compensation and other insurance requirements for operating their own business.
Keep in mind that those who are required to provide workers compensation may face repercussions if they fail to do so. In California, employers without workers compensation are considered to be committing a criminal offense and may be required to stop business, face a $10,000 fine and even face imprisonment for up to one year.
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It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional
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