As an independent contractor in Agoura Hills, 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 Agoura Hills 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 Agoura Hills CA 91301 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 Agoura Hills will generally have at least a worker or more. Hence, 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 happens to any of your staff members.
Workers’ compensation insurance coverage in Agoura Hills CA is an insurance policy that provides wage replacement and medical expenditures to your workers in case they are injured. This policy is in exchange for necessary relinquishment of their right to take legal action against the employer for compensation.
Why This Policy Is Helpful
This policy serves to safeguard the company from punitive suits by their workers. In some cases, the lawsuits can cause monetary damages causing the business to become insolvent when the damages granted are too expensive for the company to pay for. Therefore, this system of cumulative liability was adopted to solve the issue.
The compensation plans in Agoura Hills differ amongst jurisdictions. However, in general terms, a type of disability insurance through replacement of earnings can be adopted. There will also be compensation for the economic loss for the injured worker, payment or reimbursement of medical costs along with benefits granted 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 claims that can damage your reputation, it also prevents you from shutting down due to high damages awarded to the injured worker.
The Policy Is Not Standardized
The workers’ compensation insurance plans are regulated by the individual states and territories business is located. Thus, there isn’t really 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 attorney how the law works in that location, and therefore you can adjust 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 staff members at risk of injury even if such an insurance plan is in place.
Not All Businesses Apply
Not all companies need to have workers’ compensation insurance in place. For example, small businesses (particularly sole proprietorships and collaborations) will not need the insurance coverage unless they have workers who aren’t also owners. Sometimes, the state laws will permit the owners to get the compensation plan for themselves (as their own workers) if they wish.
Some states also don’t require the business to have compensation insurance plan in place if the employees are solely paid on commission. Depending on the state, the law might treat uninsured specialists as workers in case they are hurt 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. The majority of employers take measures to ensure that their workplace is safe, but accidents do take place, and livelihoods are lost as a result. Hence, getting workers’ compensation insurance will protect both you and your employees in the event of an accident.