What Is Workers’ Compensation Insurance?
In California, concrete contractors are required to carry workers’ compensation insurance regardless of having employees. Starting in January 2023, contractors who possess a C-8 Concrete, C-20 Heating, Warm-Air Ventilating and Air Conditioning, C-22 Asbestos Abatement, or D-49 Tree Service license are required to hold valid workers’ compensation insurance as of January 1, 2023. By July 1, 2023, if workers’ compensation insurance has not been acquired, the license classification will be removed.
Workers’ compensation insurance provides financial and medical benefits to employees who are injured on the job or become ill as a result of their job duties.
If an employee is injured while working on a construction site or performing duties related to the concrete contracting business, workers’ compensation insurance will cover the cost of medical treatment and lost wages. It will also provide death benefits to the families of employees who are killed in work-related accidents.
Having workers’ compensation insurance is not only required by law in California, but it is also important for protecting both your business and your employees. It ensures that your employees have access to the medical treatment and financial support they need in the event of a workplace injury or illness, and it helps to protect your business from financial liability in the event of a workplace accident.
If you are a concrete contractor in California, it is important to make sure you have adequate workers’ compensation coverage in place. This will help to ensure that you and your employees are protected in the event of a workplace injury or illness.