As an independent contractor in Ben Lomond, 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 Ben Lomond 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 Ben Lomond CA 95005 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 Ben Lomond will normally have at least a worker or 2. 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 takes place to any of your workers.
Workers’ compensation insurance coverage in Ben Lomond CA is an insurance policy that provides wage replacement and medical expenditures to your employees in case they are injured. This policy is in exchange for obligatory relinquishment of their right to sue the employer for compensation.
Why This Policy Is Helpful
This policy serves to protect the employer from punitive suits by their staff members. In some cases, the suits can cause monetary damages causing the business to become insolvent when the damages granted are too expensive for the employer to afford. Thus, this system of cumulative liability was adopted to fix the problem.
The compensation strategies in Ben Lomond differ 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 repayment of medical costs in addition to benefits granted to the employees’ dependents in case of death.
As an entrepreneur, you should comprehend why such an insurance coverage comes in handy. Apart from saving you from suits that can damage your credibility, 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 policies are managed by the individual states and territories the business is located. Thus, there isn’t 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 works in that area, and therefore you can change the policy appropriately.
Typically, damages sought for pain and suffering due to the carelessness of the employer in addition to compensatory damages for the company are not covered by the workers’ compensation plan. Hence, it would be prudent for the company to make sure that none of their policies or operations directly put the employees at risk of injury even if such an insurance plan remains in place.
Not All Businesses Apply
Not all companies have to have workers’ compensation insurance in place. For example, small businesses (particularly sole proprietorships and collaborations) won’t need 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 employees are exclusively paid on commission. Depending on the state, the law may treat uninsured contractors as staff members in case they are injured while working for you.
Getting the Plan
As a rule, if you have workers who aren’t owners, then it is a requirement to have such compensation insurance plans in place. Most companies take measures to ensure that their work environment is safe, but accidents do occur, and livelihoods are lost as a result. Thus, getting workers’ compensation insurance will protect both you and your workers in the event of a mishap.