Skip to content

Workers’ Compensation Coverage

Most states require employers to provide workers’ compensation (workers’ comp) coverage for their employees. Some, like California, also require coverage for real estate agents. Check the specifics in the state where you do business.

Workers’ comp provides benefits to employees for work-related injuries. Coverage includes medical costs and a portion of lost wages. This type of policy also protects companies from being sued by employees for work-related injuries.

California Requirements

California state law requires that all real estate agents, independent contractors, and 1099 employees are covered under a workers’ compensation insurance policy provided by the employing broker.

If you’re found to be operating without workers’ compensation coverage, a stop order will be issued prohibiting the use of employee labor until coverage is obtained, and you can be fined up to $100,000.

In California, competitive rates start at 25 cents per $100 of payroll for the real estate class and 27 cents per $100 for the mortgage brokering class.

We’ll find your workers’ compensation insurance at the best possible rate, because we can access more options. We’re part of one of the world’s largest insurance brokers, Arthur J. Gallagher. That means:

  • No one has access to the range of options that we have, to find you the best protection at the best value.

Read each policy for a full comparison of coverage and benefits. Certain restrictions apply. All coverage is subject to Underwriting and other qualifications.

Back To Top