Workers' Compensation

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 Venture Capital Firms?

Generally the payroll of Venture Capital Firms will call into one of two classifications:

8810 – Clerical/Administrative – For employees office-based
8742 – Outside Salesperson – For salespersons out of the office a significant portion of the work week.

 

 

 

     

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