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All businesses with workers in California and Nevada are required to have WorkersCompensationInsurance. But do you know that Word & Browns partnership with CompNet Insurance Solutions makes it easy for you to offer Workers Comp coverage? Best of all, you dont need a Property + Casualty (P+C) license.
If the PEO’s insurancecompany is paying benefits, there is no need to join the servicing agent or special employer. If a PEO or employee leasing company claims to be self-insured, investigate that claim. The subcontractor does not have a contractor’s license nor workers’ compensationinsurance.
In California, you can sell disability insurance if you have an Accident and Health license. In Nevada, your existing health insurance producer license also allows you to selling disability income insurance. Work-related disability is covered by WorkersCompensationinsurance.
Colorado: Colorado’s HB24-1220 bill, which was signed into law on June 4, 2024, requires workers’ compensationinsurers to pay benefits to claimants by direct deposit if requested. The insurancecompany or self-insured entity must honor the request. The cap has been increased from $10,000 to $25,000.
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