As an independent contractor in Hermosa Beach, there are times when the folks working for you fall into gray areas where you may or may not need workers compensation insurance coverage. Do you fully understand the laws and obligations? We do, and it’s still hard to explain or just depends upon your individual situation. Don’t presume or take the word of someone who “may” know. Protect yourself, your interests and your workers and call the experts at California Contractors Insurance. We’ll give it to you straight and tell you exactly the type of workers compensation insurance you need.
Workers Compensation Insurance Company Near Me In Hermosa Beach California
The worker’s compensation insurance experts at California Contractors Insurance have years of experience in the field of contractors insurance. Each of our highly skilled and certified agents is adept at designing workers compensation insurance policies that will meet the Hermosa Beach CA 90254 legal requirements and the comprehensive coverage you and your workers need. Do you know what your obligations are when it comes to workers compensation insurance? Don’t guess and hope, find out and get covered. Trust us, you’ll sleep better knowing you have the coverage you need and require. As an independent contractor, you have enough to worry about, let us help provide you with the peace of mind you need.
Free Workers Compensation Insurance Quote – (888) 728-4034
Workers compensation insurance and health insurance are not the same things. Know the difference? We do, so call California Contractors Insurance at (888) 728-4034 and we’ll provide you with the right coverage your business needs. Request a free, no-obligation quote today and protect your business and your workers today. You’ll be glad you did.
More About Workers Compensation Insurance
Understanding Workers’ Compensation Insurance and More
Many mid-sized businesses in Hermosa Beach will typically have at least a worker or two. Thus, as a business owner, having some knowledge on how workers’ compensation insurance works will go a long way in saving you a grand headache and financial damages in case something occurs to any of your staff members.
Workers’ compensation insurance coverage in Hermosa Beach CA is an insurance policy that provides wage replacement and medical expenditures to your workers in case they are hurt. This policy is in exchange for necessary forfeiture of their right to sue the company for compensation.
Why This Policy Is Valuable
This policy serves to protect the company from punitive claims by their workers. Sometimes, the lawsuits can cause financial damages leading to the business to become insolvent when the damages awarded are too expensive for the company to afford. Hence, this system of cumulative liability was adopted to fix the concern.
The compensation plans in Hermosa Beach differ among jurisdictions. Nevertheless, in general terms, a form of disability insurance through replacement of incomes can be adopted. There will also be compensation for the economic loss for the injured worker, payment or compensation of medical expenses in addition to benefits awarded to the workers’ dependents in case of death.
As a company owner, you should understand why such an insurance policy is handy. Apart from saving you from claims that can damage your credibility, it also prevents you from shutting down due to high damages awarded to the injured staff member.
The Policy Is Not Standardized
The workers’ compensation insurance coverage are managed by the individual states and areas the business is located. Thus, there isn’t a single rule that is followed when awarding damages. Thus, when your company expands to other states, it would be prudent to find out from your lawyer how the law works in that location, and therefore you can change the policy appropriately.
Generally, damages sought for pain and suffering due to the neglect of the company as well as punitive damages for the employer are not covered by the workers’ compensation plan. Thus, it would be prudent for the employer to make sure that none of their policies or operations directly put the staff members at risk of injury just because such an insurance plan remains in place.
Not All Businesses Apply
Not all companies need to have workers’ compensation insurance in place. For example, small companies (particularly sole proprietorships and collaborations) will not need the insurance coverage unless they have staff members who aren’t also owners. Sometimes, the state laws will permit the owners to get the compensation plan for themselves (as their own employees) if they want.
Some states also don’t require the business to have compensation insurance plan in place if the workers are exclusively paid on commission. Depending on the state, the law may treat uninsured professionals as staff members in case they are injured while working for you.
Getting the Plan
As a rule, if you have staff members who aren’t owners, then it is a requirement to have such compensation insurance plans in place. A lot of companies take measures to make sure that their workplace is safe, but mishaps do happen, and incomes are lost as a result. Thus, getting workers’ compensation insurance will protect both you and your employees in the event of an accident.