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. REALTORS® should provide this coverage to all salespersons and independent contractors, as well as employees.

Are There a Classification Codes Specific to the Real Estate Industry?

Yes!

8741 is for Real Estate Agencies, which includes all Employees
8740(1) is for Property Management Supervisors – Apartment or Condominiums
8743 is for Mortgage Brokers, which includes all Employees