As an independent contractor in Angels Camp, 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 Angels Camp 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 Angels Camp CA 95222 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 Angels Camp will usually have at least an employee or more. 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 takes place to any of your staff members.
Workers’ compensation insurance coverage in Angels Camp CA is an insurance policy that supplies wage replacement and medical expenditures to your workers in case they are injured. This policy is in exchange for obligatory relinquishment of their right to take legal action against the employer for compensation.
Why This Policy Is Valuable
This policy serves to safeguard the company from punitive suits by their workers. Sometimes, the lawsuits can cause financial damages leading to the business to become insolvent when the damages granted are too expensive for the company to manage. Thus, this system of cumulative liability was adopted to solve the problem.
The compensation plans in Angels Camp vary amongst jurisdictions. However, in general terms, a type of disability insurance in the form of replacement of incomes can be adopted. There will also be compensation for the financial loss for the hurt staff member, payment or reimbursement of medical expenditures along with benefits granted to the workers’ dependents in case of death.
As a company owner, you should comprehend why such an insurance coverage comes in handy. Apart from saving you from suits that can damage your reputation, it also prevents you from closing down due to high damages granted to the hurt staff member.
The Policy Is Not Standardized
The workers’ compensation insurance coverage are managed by the individual states and territories business is located. Thus, there isn’t really a single guideline that is followed when awarding damages. Hence, when your company expands to other states, it would be prudent to discover from your lawyer how the law works in that location, and therefore you can adjust the policy appropriately.
Typically, damages sought for pain and suffering due to the carelessness of the company in addition to 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 workers at risk of injury even if such an insurance plan is in place.
Not All Businesses Apply
Not all companies have 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. Sometimes, the state laws will enable the owners to get the compensation plan for themselves (as their own employees) if they wish.
Some states also don’t need the business to have compensation insurance plan in place if the employees are entirely paid on commission. Depending upon the state, the law might treat uninsured specialists as employees 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 employers take measures to guarantee that their work environment is safe, but mishaps do happen, and incomes are lost as a result. Therefore, getting workers’ compensation insurance will safeguard both you and your employees in case of a mishap.