As an independent contractor in Calabasas, 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 Calabasas 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 Calabasas CA 91302 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
A lot of mid-sized businesses in Calabasas will typically have at least an employee 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 Calabasas CA is an insurance policy that provides 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 employer from punitive lawsuits by their staff members. In some cases, the lawsuits can cause financial damages leading to the business to become insolvent when the damages granted are too expensive for the employer to manage. Thus, this system of cumulative liability was adopted to fix the issue.
The compensation strategies in Calabasas differ amongst jurisdictions. Nevertheless, in general terms, a form of disability insurance in the form of replacement of salaries can be adopted. There will also be compensation for the economic loss for the hurt worker, payment or reimbursement of medical expenses as well as benefits granted to the employees’ dependents in case of death.
As a business owner, you should understand why such an insurance plan is 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 hurt staff member.
The Policy Is Not Standardized
The workers’ compensation insurance coverage are regulated by the individual states and territories the business is located. Hence, there isn’t really a single guideline that is followed when awarding damages. Therefore, when your company expands to other states, it would be prudent to find out from your lawyer how the law operates in that area, and therefore you can adjust the policy accordingly.
Usually, damages sought for pain and suffering due to the negligence of the employer as well as punitive damages for the employer 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 just because 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 businesses (particularly sole proprietorships and collaborations) won’t require the insurance coverage unless they have workers who aren’t also owners. Sometimes, 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 entirely paid on commission. Depending on the state, the law might deal with uninsured contractors as staff members in case they are injured 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 companies take measures to guarantee that their work environment is safe, but mishaps do occur, and incomes are lost as a result. Hence, getting workers’ compensation insurance will protect both you and your staff members in case of a mishap.