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Workers' Comp

What is a Work Comp Policy?

Workers' compensation provides benefits to employees and independent contractors who are injured or become ill during the course of or due to employment.

Why Do I Need It?

California requires employers to carry workers’ compensation insurance to cover the cost of occupational injuries and illnesses to employees. Tech companies should provide this coverage to all salespersons and independent contractors, as well as employees.

Are There a Classification Codes Specific to BioTech Companies?

Yes! Here are a few of the most frequent classifications:

4512 – Biomedical Research Laboratories
5951 – Serum Manufacturing
3572 – Medical Device Manufacturing
8810 – Clerical
8742 – Outside Salespersons

 

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