As an independent contractor in Three Rivers, 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 Three Rivers 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 Three Rivers CA 93271 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
Comprehending Workers’ Compensation Insurance and More
The majority of mid-sized businesses in Three Rivers will generally have at least a worker or two. Thus, 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 takes place to any of your employees.
Workers’ compensation insurance coverage in Three Rivers CA is an insurance policy that provides wage replacement and medical expenses to your workers in case they are hurt. This policy is in exchange for mandatory relinquishment of their right to sue the company for compensation.
Why This Policy Is Practical
This policy serves to protect the company from punitive suits by their workers. In some cases, the suits can cause financial damages resulting in the business to become insolvent when the damages granted are too high for the employer to pay for. Hence, this system of cumulative liability was adopted to fix the issue.
The compensation plans in Three Rivers vary among jurisdictions. Nevertheless, in general terms, a type of disability insurance through replacement of salaries can be adopted. There will also be compensation for the financial loss for the injured employee, payment or reimbursement of medical expenses in addition to benefits awarded to the staff members’ dependents in case of death.
As an entrepreneur, you should comprehend why such an insurance plan comes in handy. Apart from saving you from suits that can damage your reputation, it also prevents you from shutting down due to high damages granted to the injured staff member.
The Policy Is Not Standardized
The workers’ compensation insurance plans are controlled by the individual states and areas the business is located. Thus, there isn’t really a single rule that is followed when granting damages. Therefore, when your company expands to other states, it would be prudent to learn from your lawyer how the law operates in that location, and therefore you can adjust the policy accordingly.
Normally, damages sought for pain and suffering due to the carelessness of the employer along with punitive damages for the company are not covered by the workers’ compensation plan. Therefore, it would be prudent for the company 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 businesses (particularly sole proprietorships and partnerships) won’t require the insurance coverage unless they have staff members 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 want.
Some states also don’t need the business to have compensation insurance plan in place if the workers are entirely paid on commission. Depending upon the state, the law may deal with uninsured professionals as staff members in case they are hurt 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. A lot of employers take measures to make sure that their work environment is safe, but accidents do occur, and incomes are lost as a result. Therefore, getting workers’ compensation insurance will safeguard both you and your workers in the event of an accident.