As an independent contractor in Bishop, 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 Bishop 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 Bishop CA 93514 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
Most mid-sized businesses in Bishop will usually have at least a worker or 2. 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 Bishop CA is an insurance policy that provides wage replacement and medical expenses to your workers in case they are injured. This policy is in exchange for necessary forfeiture of their right to sue the employer for compensation.
Why This Policy Is Handy
This policy serves to safeguard the employer from punitive suits by their staff members. In some cases, the suits can cause financial damages causing the business to become insolvent when the damages awarded are too expensive for the employer to pay for. Thus, this system of collective liability was adopted to fix the problem.
The compensation strategies in Bishop vary amongst jurisdictions. Nevertheless, in general terms, a type of disability insurance through replacement of earnings can be adopted. There will also be compensation for the economic loss for the hurt staff member, payment or reimbursement of medical expenses as well as benefits awarded to the workers’ dependents in case of death.
As an entrepreneur, you should understand why such an insurance coverage comes in handy. Apart from saving you from suits that can damage your reputation, it also prevents you from shutting down due to high damages granted to the hurt staff member.
The Policy Is Not Standardized
The workers’ compensation insurance coverage are regulated by the individual states and territories 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 discover from your lawyer how the law operates in that location, and therefore you can adjust the policy accordingly.
Normally, damages sought for pain and suffering due to the negligence of the employer along with punitive damages for the employer 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 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 (especially sole proprietorships and partnerships) won’t require the insurance coverage unless they have workers who aren’t also owners. Often, the state laws will allow the owners to get the compensation plan for themselves (as their own workers) if they want.
Some states also don’t require the business to have compensation insurance plan in place if the staff members are exclusively paid on commission. Depending on the state, the law may treat uninsured professionals as workers 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 companies take measures to ensure that their work environment is safe, but mishaps do occur, and incomes are lost as a result. Hence, getting workers’ compensation insurance will safeguard both you and your staff members in case of an accident.