Construction and contracting professionals know that despite your best safety efforts, on-the-job accidents happen. If an employee gets hurt operating equipment or is exposed to hazardous chemicals, your construction company can be held responsible. Workers’ Compensation Insurance protects construction and contracting business owners from medical expenses and lost wages of employees hurt on the job.
California law requires that licensed contractors carry Workers’ Compensation insurance, even if they have only one employee. Workers’ Compensation for the construction industry covers basic benefits for workers hurt on the job.
- Medical Costs
- Temporary Disability Payments
- Permanent Disability Benefits
- Supplemental Job Displacement
- Death Benefits
According to the California Department of Consumer Affairs, if you’re an out-of-state contractor licensed in California, but do not hire employees who reside in California, you can file for an exemption. However, you must provide a certificate of Workers’ Compensation insurance from a carrier in your home state.
Failing to have workers’ compensation in the state of California can result in one or all of the following:
- Imprisonment of up to one year in the county jail
- A penalty of at least $10,000
- State issued fines of up to $100,000
Even without an incident, employers run risks if they do not purchase Workers’ Compensation insurance. Failing to provide Workers’ Compensation can result in charges filed.
Limiting the Number of Workers’ Comp Claims
Even though your Workers’ Comp insurance exists to protect your construction company from injury claims, accidents will still cost you money. Insurance rates are based on the number of claims made, and so it’s always in your best interest to promote safety awareness.
Make sure you train your employees in safety protocol.
- Asbestos Awareness
- Machine Operating Procedures
- Safe Lifting
- Hearing and Vision Protection
- Waste Management
- Cal/OSHA Regulations
Proper training can cut the number of accidents and also reduce the cost of Workers’ Compensation insurance.
Workers’ Compensation for the California Construction Industry
Post Insurance offers Workers’ Compensation insurance for the construction industry, along with all types of commercial business insurance. Count on us to help guide you in purchasing the proper coverages. For a free quote call us today at (800) 262-9998, or you can connect with us online.