PLEASANTON, Calif.--(BUSINESS WIRE)--State Compensation Insurance Fund (State Fund) announced today another series of actions designed to support policyholders and workers affected by the COVID-19 crisis.
These actions include:
- Doubling the size of the Essential Business Support Fund announced earlier this week to $50 million. In the four days since the fund was announced, State Fund has received over 700 applications for COVID-19 workplace safety support funds. The first several payments, all at the maximum $10,000 reimbursement, were sent to qualified applicants today.
- Creating a new, $50-million Returning California to Work COVID-19 Safety Protocol Fund. This fund will operate in a similar way to the Essential Business Support Fund but is designed to help businesses that were not deemed essential by Governor Newsom’s executive order after he removes statewide stay-at-home restrictions. The fund will provide grants to qualified policyholders to help defray the costs of safety-related expenses, planned or already incurred, related to protecting their workforces from COVID-19. Individual grants can total up to $10,000 or two times the policyholder’s premium, whichever is less. Applications for this fund will be made available at StateFundCA.com after statewide stay-at-home restrictions are lifted.
- Effective immediately, accepting any claim by an essential worker—as defined by Governor Newsom’s Executive Order N-33-20—for a diagnosed case of COVID-19 regardless of whether or not that worker can demonstrate the virus was contracted during the course of employment. The diagnosis must include a confirmed positive test for COVID-19 and must occur during the period of time between when the Governor issued his stay-at-home order and before that order is lifted. This action effectively replaces the Essential Worker Support Fund announced earlier this week as all employees who would have been covered under that fund are now entitled to full workers’ compensation benefits. State Fund currently estimates these added benefits will require approximately $90 million in addition to the previously committed funds for a total of $115 million. State Fund will still provide temporary disability benefits to any covered essential worker who must self-quarantine if they are not covered by another source.
“We are doing everything we can to provide our customers and injured workers with the support they need to make it through the COVID-19 crisis,” said State Fund President & CEO Vern Steiner. “We have worked hard to be in a position where we can help, and we’re proud to stand with the essential workers who are risking their lives every day to hold our communities together.”
More information about State Fund’s actions in response to the COVID-19 pandemic can be found at StateFundCA.com.
About State Fund
State Fund is California’s leading provider of workers’ compensation insurance. Not for profit and funded solely by premiums and investment income, we’ve supported California’s entrepreneurial spirit and played a vital role in the state’s economy for more than 100 years. By innovating in areas such as workplace safety and injured workers care, we’re committed to serving California for the next 100 years as well. To learn more or get a quote, contact your broker or visit www.StateFundCA.com.