As an independent contractor in Anaheim, 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 Anaheim 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 Anaheim CA 92801 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
The majority of mid-sized businesses in Anaheim will generally have at least a staff member or more. Hence, as an entrepreneur, 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 Anaheim CA is an insurance policy that offers wage replacement and medical costs to your workers in case they are hurt. This policy is in exchange for obligatory forfeiture of their right to sue the employer for compensation.
Why This Policy Is Practical
This policy serves to protect the company from punitive suits by their staff members. Sometimes, the suits can cause monetary 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 resolve the problem.
The compensation plans in Anaheim differ amongst jurisdictions. Nevertheless, in general terms, a type 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 worker, payment or reimbursement of medical costs as well as benefits granted to the employees’ dependents in case of death.
As a company owner, you should understand 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 granted to the injured staff member.
The Policy Is Not Standardized
The workers’ compensation insurance policies are managed by the individual states and territories business is located. Thus, there isn’t really a single guideline 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 adjust the policy accordingly.
Normally, damages sought for pain and suffering due to the negligence of the employer as well as compensatory damages for the employer 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 workers 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 instance, small companies (specifically sole proprietorships and partnerships) will not need the insurance coverage unless they have workers who aren’t also owners. In some cases, the state laws will enable the owners to get the compensation plan for themselves (as their own employees) if they want.
Some states also don’t need the business to have compensation insurance plan in place if the employees are solely paid on commission. Depending on the state, the law may deal with uninsured specialists as employees 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. Most companies take measures to make sure that their work environment is safe, but accidents do happen, and livelihoods are lost as a result. Therefore, getting workers’ compensation insurance will safeguard both you and your workers in case of an accident.