As an independent contractor in Benicia, 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 Specialists Near Me In Benicia 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 Benicia CA 94510 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
A lot of mid-sized businesses in Benicia will normally have at least a staff member or two. Therefore, as a business 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 Benicia CA is an insurance policy that offers wage replacement and medical costs to your staff members in case they are hurt. This policy is in exchange for compulsory relinquishment of their right to sue the company for compensation.
Why This Policy Is Practical
This policy serves to safeguard the company from punitive suits by their employees. Sometimes, the lawsuits can cause monetary damages leading to the business to become insolvent when the damages awarded are too expensive for the employer to manage. Thus, this system of collective liability was adopted to resolve the concern.
The compensation strategies in Benicia differ among jurisdictions. Nevertheless, in general terms, a kind of disability insurance through replacement of salaries can be adopted. There will also be compensation for the financial loss for the injured worker, payment or repayment of medical expenditures along with benefits granted to the employees’ dependents in case of death.
As an entrepreneur, you should understand why such an insurance policy is handy. Apart from saving you from suits that can damage your track record, it also prevents you from shutting down due to high damages granted to the hurt worker.
The Policy Is Not Standardized
The workers’ compensation insurance policies are controlled by the individual states and areas business is located. Hence, there isn’t 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 lawyer how the law works in that area, and therefore you can adjust the policy appropriately.
Generally, damages sought for pain and suffering due to the neglect of the company along with punitive 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 remains in place.
Not All Businesses Apply
Not all companies need to have workers’ compensation insurance in place. For example, small companies (specifically sole proprietorships and collaborations) will not need the insurance coverage unless they have staff members who aren’t also owners. Sometimes, the state laws will allow the owners to get the compensation plan for themselves (as their own staff members) 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 might treat uninsured specialists as employees in case they are hurt 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. Many employers take measures to make sure that their work environment is safe, but accidents do occur, and incomes are lost as a result. Thus, getting workers’ compensation insurance will protect both you and your employees in case of an accident.