As soon as you have a single employee, even part-time, you need to have workers’ compensation in place at your business. It is a legal requirement in San Francisco, and it’s one that often trips up businesses who haven’t had to deal with regulatory requirements before.
Don’t risk your business by making a mistake with your workers’ compensation plan. NetPEO can connect your business with a San Francisco PEO with workers’ compensation services. They can get you compliant with regulations, administer your plan, handle claims, and so much more.
What Is Workers’ Compensation?
When someone is injured because of someone’s neglect or deliberate action, the victim may seek compensation for their damages. Many people get injured on the job, which would make employers liable. The sheer volume of cases would overwhelm the court and prevent workers from getting swift justice.
Some professions have inherent dangers, like construction work. This would make these jobs unfeasible for employers because they might suddenly lose their business because of a single injury. Workers’ compensation is the compromise that lets employees, employers, and the courts deal with workplace injuries.
Workers’ compensation lets workers quickly get compensation for their injuries without tying up the courts or ruining your business. Employers pay for workers’ comp insurance and use the state workers’ compensation system to process injury claims.
All Businesses Need Workers’ Compensation Coverage
You’re required to have workers’ comp coverage even if your business isn’t one that comes with obvious dangers. If you do not have coverage and one of your employees gets a work-related injury, your business will be held liable for damages, and potentially even you.
On top of that, regulators will levy severe penalties against your business if you don’t have coverage when you should. These fines alone could be ruinous to your business. San Francisco takes workers’ compensation seriously.
You should not delay getting coverage if you don’t have it already. If you have it, you may wonder if you’re getting the best deal for your company, or if you made a mistake that could catch the attention of a regulator. It’s important to have an expert look over your current setup to make sure it’s compliant with regulations and serves your needs.
How a PEO Helps with Workers’ Compensation Services
Business owners quickly discover that the amount of administration necessary to a growing business can overwhelm their ability to make a profit. Taking the time to understand and set up workers’ compensation will steal your time away.
After it’s set up, you’ll have to take up more time administering the plan and processing claims. When you work with a San Francisco PEO for workers’ compensation services, you’ll have a team of HR experts ready to take on these tasks for you.
Plus, by working with a PEO, you could gain access to cheaper premiums and better coverage. PEOs add your employees to a larger labor pool at the PEO. This lets the PEO negotiate for much better benefits.
Process Workers’ Comp Claims Right
Whenever a worker comes to you with a workers’ comp claim, it puts you in a delicate position. You have regulations that kick in immediately for reporting the injury and helping your employee with their claim. Plus, you have to worry about how you’ll cover the missing work while your employee heals.
If you make an error with your side of the claim process, it could open you up to liability or fines. Why risk making an error when you could turn to a PEO to handle the process for you? Handling workers’ compensation claims is part of the job of human resources professionals.
By turning things over to them, you and your employee can be assured the job will get done right and you’ll have an expert guiding you both through the parts of the process you must do. However, if you do it yourself and make a mistake, you could end up in a world of legal trouble and lower the morale at your company.
PEOs Do More Than Workers’ Compensation
Workers’ compensation services is only the tip of the iceberg of what you can have a PEO do for you. Your PEO can handle any HR or payroll task you need. When you partner with a PEO through us, we help you make a contract that describes exactly which tasks you’ll turn over to them and which ones you’ll keep for yourself.
Some tasks a PEO can help you with include:
- Payroll and tax compliance
- Regulatory compliance
- Health insurance
- Benefits administration
- Policy creation
- Risk assessments
- Handling employee claims
- Creating employee handbooks and web portals
- Hiring and training employees
- Terminating employees
- And more
NetPEO is a San Francisco PEO broker that connects businesses large and small to the right PEOs for their needs. Whether you have a single employee or 500, we can help you get your HR and payroll issues resolved through a PEO.
Plus, we’ll make sure they’re doing their job correctly with regular follow-ups. If your PEO doesn’t satisfy your needs or you’ve outgrown your current contract, let us know and we’ll help you find a better one.
Contact NetPEO for a Free Quote for Workers’ Compensation Services
Don’t let yourself get caught up in a regulatory nightmare and make your employees angry that you’re not fulfilling basic benefits. Contact NetPEO right away to get set up with worker’s compensation services through a San Francisco PEO. We’ll make sure your worker’s comp system meets regulatory requirements, fits your budget, and we’ll administer the whole thing for you. Call us today to get started with a free quote.