As an independent contractor in Calpella, 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 Calpella 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 Calpella CA 95418 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 Calpella will normally have at least a worker or 2. Therefore, 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 Calpella CA is an insurance policy that supplies wage replacement and medical expenditures to your staff members in case they are injured. This policy is in exchange for obligatory forfeiture of their right to take legal action against the company for compensation.
Why This Policy Is Handy
This policy serves to safeguard the company from punitive lawsuits by their workers. In some cases, the lawsuits can cause financial damages causing the business to become insolvent when the damages granted are too high for the employer to afford. Thus, this system of cumulative liability was adopted to resolve the problem.
The compensation plans in Calpella differ among jurisdictions. However, in general terms, a kind of disability insurance in the form of replacement of wages can be adopted. There will also be compensation for the financial loss for the injured worker, payment or compensation of medical expenditures as well as benefits granted to the employees’ dependents in case of death.
As an entrepreneur, you should understand why such an insurance plan is handy. Apart from saving you from lawsuits that can damage your track record, it also prevents you from shutting down due to high damages awarded to the hurt employee.
The Policy Is Not Standardized
The workers’ compensation insurance plans are controlled by the individual states and areas 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 learn from your attorney how the law operates in that area, and therefore you can adjust the policy accordingly.
Typically, damages sought for pain and suffering due to the negligence of the company along with punitive 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 workers at risk of injury just because such an insurance plan is in place.
Not All Businesses Apply
Not all companies have to have workers’ compensation insurance in place. For instance, small businesses (particularly sole proprietorships and partnerships) will not require the insurance coverage unless they have staff members who aren’t also owners. In some cases, the state laws will permit the owners to get the compensation plan for themselves (as their own workers) if they want.
Some states also do not require the business to have compensation insurance plan in place if the workers are exclusively paid on commission. Depending upon the state, the law may deal with uninsured professionals as employees in case they are hurt while working for you.
Getting the Plan
As a rule, if you have employees who aren’t owners, then it is a requirement to have such compensation insurance plans in place. The majority of employers take measures to make sure that their work environment is safe, but accidents do happen, and incomes are lost as a result. Hence, getting workers’ compensation insurance will safeguard both you and your employees in case of a mishap.