Brokers, have you told your State Fund clients about the grant funds available to help them pay for COVID-19 safety efforts?
The Essential Business Support Fund and the Returning California to Work COVID-19 Safety Protocol Fund total $100 million in grants available to State Fund policyholders. Grants are available to State Fund policyholders only and are limited to a maximum of two times the estimated annual premium or $10,000, whichever is less. These grants are not loans—they do not have to be repaid.
The grants are for purchases, whether planned or already made, and cover workplace safety expenses such as personal protective equipment (PPE), goggles, gloves, masks, and cleaning supplies and services and worksite modifications. The policyholder can apply for only one of the grant funds and they must meet the specific qualifications of the fund they apply for. Learn more about these funds and find the application here.
Sharing information about these funds is an excellent way to assist our mutual customers as we work through these challenging times. We’re in this together.
UPDATE: Please encourage your clients to apply before the September 30, 2020 deadline.