As an independent contractor in Artesia, 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 Artesia 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 Artesia CA 90701 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
Many mid-sized businesses in Artesia will usually 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 occurs to any of your employees.
Workers’ compensation insurance coverage in Artesia CA is an insurance policy that provides wage replacement and medical costs to your workers in case they are hurt. This policy is in exchange for mandatory forfeiture of their right to take legal action against the company for compensation.
Why This Policy Is Practical
This policy serves to safeguard the employer from punitive lawsuits by their employees. In some cases, the claims can cause monetary damages leading to the business to become insolvent when the damages granted are too expensive for the company to afford. Thus, this system of cumulative liability was adopted to resolve the concern.
The compensation plans in Artesia differ amongst jurisdictions. Nevertheless, in general terms, a type of disability insurance in the form of replacement of earnings can be adopted. There will also be compensation for the economic loss for the hurt employee, payment or repayment of medical expenses as well as benefits granted to the workers’ dependents in case of death.
As a business owner, you should understand why such an insurance policy comes in handy. Apart from saving you from lawsuits that can damage your credibility, it also prevents you from closing down due to high damages granted to the injured staff member.
The Policy Is Not Standardized
The workers’ compensation insurance policies are controlled by the individual states and areas business is located. Thus, there isn’t a single guideline that is followed when awarding damages. Hence, when your company expands to other states, it would be prudent to learn from your lawyer how the law works in that location, and therefore you can change the policy accordingly.
Generally, damages sought for pain and suffering due to the neglect of the employer along with compensatory damages for the company are not covered by the workers’ compensation plan. Therefore, 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 just because 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 (particularly sole proprietorships and collaborations) will not require 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 staff members) if they want.
Some states also do not 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 contractors 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. Many companies take measures to ensure that their workplace is safe, but accidents do occur, and incomes are lost as a result. Thus, getting workers’ compensation insurance will safeguard both you and your staff members in case of an accident.