As an independent contractor in Cabazon, 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 Agency Near Me In Cabazon 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 Cabazon CA 92230 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
Most mid-sized businesses in Cabazon will usually have at least a staff member or two. Therefore, as a company 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 workers.
Workers’ compensation insurance coverage in Cabazon CA is an insurance policy that provides wage replacement and medical expenses to your workers in case they are injured. This policy is in exchange for mandatory forfeiture of their right to sue the company for compensation.
Why This Policy Is Valuable
This policy serves to safeguard the employer from punitive claims by their staff members. Often, the lawsuits can cause financial damages causing the business to become insolvent when the damages awarded are too expensive for the company to pay for. Hence, this system of collective liability was adopted to fix the concern.
The compensation plans in Cabazon differ amongst jurisdictions. Nevertheless, in general terms, a kind of disability insurance in the form of replacement of salaries can be adopted. There will also be compensation for the financial loss for the injured employee, payment or compensation of medical expenditures as well as benefits granted to the workers’ dependents in case of death.
As an entrepreneur, you should understand why such an insurance plan is handy. Apart from saving you from lawsuits that can damage your track record, it also prevents you from shutting down due to high damages granted to the injured employee.
The Policy Is Not Standardized
The workers’ compensation insurance plans are controlled by the individual states and territories the business is located. Therefore, there isn’t a single rule that is followed when granting damages. Hence, when your company expands to other states, it would be prudent to learn from your attorney how the law operates in that area, and therefore you can change the policy accordingly.
Typically, damages sought for pain and suffering due to the carelessness of the employer as well as punitive damages for the company are not covered by the workers’ compensation plan. Hence, it would be prudent for the employer to make sure that none of their policies or operations directly put the employees 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 instance, small companies (particularly sole proprietorships and collaborations) will not need the insurance coverage unless they have employees who aren’t also owners. Often, the state laws will allow the owners to get the compensation plan for themselves (as their own staff members) if they wish.
Some states also do not require the business to have compensation insurance plan in place if the workers are entirely paid on commission. Depending upon the state, the law might deal with uninsured professionals as employees in case they are injured while working for you.
Getting the Plan
As a rule, if you have employees who aren’t owners, then it is a requirement to have such compensation insurance plans in place. Many employers take measures to ensure that their work environment is safe, but accidents do take place, and incomes are lost as a result. Therefore, getting workers’ compensation insurance will safeguard both you and your employees in the event of a mishap.