Employee Retention Benefits is an industry leader in workers’ compensation insurance. Our experts are well-versed in the often-complex reporting requirements, to ensure employees receive the benefits they are due. While also ensuring employers remain compliant with all state regulations.
Worker compensation insurance is designed to give employees the income they need if they’re injured on the job and can’t work. It also helps employers retain their best workers as they grow their company.
The state of California requires employers to purchase workers’ compensation insurance coverage for every employee. If you fail to do so, or you let your current workers’ compensation insurance policy lapse, your business could face stiff penalties, on top of liability costs.
Accurate reporting is crucial for ensuring that the employer and employee remain compliant with all state worker compensation regulations. When your business partners with Employee Retention Benefits, you get the peace of mind that comes with knowing experts are closely monitoring every step of the workers’ compensation process.
How Workers Compensation Works
If an employee is injured on the job, the insurance company provides them with a steady income while they are recovering from the injury. It also helps retain valuable employees after they’ve fully healed from their injuries.
Anytime an employee is injured the employer needs to report it to the state, as well as the insurance company. Prompt reporting ensures compliance with regulations. It also ensures that your valued employee receives the income coverage they need to recover without financial complications.
The Benefits of Workers Compensation Insurance for Businesses
When your workers’ compensation insurance is provided by ERB, you get the confidence of knowing that our trained experts are handling every facet of the reporting process. We recognize that no two businesses are the same and use a customized approach to each worker’s compensation claim.
This often involves making the most of modern technology to expedite reporting, as well as making sure the state has all the information it needs. This helps streamline the income replacement process for the employee.
It also expedites the state’s complex reporting requirements. This goes a long way toward preventing unnecessary legal complications and possible state-imposed penalties.
Keeping Up with Worker’s Compensation Regulations
The intricacies of worker’s compensation reporting continue to evolve, with steep penalties for non-compliance. When you partner with ERB you get the confidence that comes with knowing our highly trained experts closely monitor any change in workers’ compensation regulations.
Anytime there’s a change or problem with state regulation compliance practices you can rest assured that ERB’s experts will work tirelessly to resolve the issue. We make sure you remain compliant, while also ensuring that your injured employee receives the income they deserve while recovering from their injury.
