As an independent contractor in Atascadero, 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 Atascadero 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 Atascadero CA 93422 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.
Comprehending Workers’ Compensation Insurance and More
The majority of mid-sized businesses in Atascadero will generally have at least a staff member or more. Thus, 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 workers.
Workers’ compensation insurance coverage in Atascadero CA is an insurance policy that provides wage replacement and medical costs to your employees in case they are hurt. This policy is in exchange for obligatory forfeiture of their right to take legal action against the employer for compensation.
Why This Policy Is Practical
This policy serves to protect the company from punitive claims by their staff members. In some cases, the suits can cause financial damages resulting in the business to become insolvent when the damages granted are too expensive for the employer to manage. Therefore, this system of cumulative liability was adopted to solve the concern.
The compensation plans in Atascadero differ among jurisdictions. Nevertheless, in general terms, a type of disability insurance in the form of replacement of wages can be adopted. There will also be compensation for the financial loss for the hurt worker, payment or compensation of medical expenses as well as benefits awarded to the staff members’ dependents in case of death.
As a company owner, you should understand why such an insurance coverage 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 areas the business is located. Hence, there isn’t really a single guideline that is followed when awarding damages. Thus, when your company expands to other states, it would be prudent to discover from your attorney how the law works in that area, and therefore you can change the policy accordingly.
Generally, damages sought for pain and suffering due to the neglect of the company in addition to punitive damages for the company are not covered by the workers’ compensation plan. Thus, 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 remains 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) won’t require the insurance coverage unless they have employees who aren’t also owners. In some cases, the state laws will allow 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 staff members are exclusively paid on commission. Depending on the state, the law might treat uninsured professionals 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 employers take measures to make sure that their work environment is safe, but accidents do happen, and livelihoods are lost as a result. Hence, getting workers’ compensation insurance will safeguard both you and your staff members in the event of a mishap.