As an independent contractor in Cambria, 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 Cambria 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 Cambria CA 93428 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.
Understanding Workers’ Compensation Insurance and More
A lot of mid-sized businesses in Cambria will normally have at least a staff member or two. Therefore, as a company 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 happens to any of your staff members.
Workers’ compensation insurance coverage in Cambria CA is an insurance policy that supplies wage replacement and medical expenses to your staff members in case they are hurt. This policy is in exchange for obligatory forfeiture of their right to take legal action against the employer for compensation.
Why This Policy Is Practical
This policy serves to safeguard the company from punitive lawsuits by their staff members. In some cases, the suits can cause financial damages resulting in the business to become insolvent when the damages awarded are too expensive for the employer to afford. Therefore, this system of cumulative liability was adopted to fix the problem.
The compensation strategies in Cambria differ amongst jurisdictions. Nevertheless, in general terms, a kind 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 employee, payment or reimbursement of medical expenditures in addition to benefits granted to the staff members’ dependents in case of death.
As a business owner, you should comprehend why such an insurance plan comes in handy. Apart from saving you from claims that can damage your reputation, it also prevents you from closing down due to high damages granted to the hurt worker.
The Policy Is Not Standardized
The workers’ compensation insurance plans are controlled by the individual states and areas business is located. Hence, there isn’t really a single guideline that is followed when granting damages. Therefore, when your company expands to other states, it would be prudent to find out from your attorney how the law operates in that area, and therefore you can adjust the policy appropriately.
Generally, damages sought for pain and suffering due to the neglect of the employer along with compensatory 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 employees 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 businesses (specifically sole proprietorships and collaborations) will not need the insurance coverage unless they have workers who aren’t also owners. Often, the state laws will permit 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 workers are solely paid on commission. Depending on the state, the law might 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 companies take measures to ensure that their workplace is safe, but mishaps do take place, and livelihoods are lost as a result. Thus, getting workers’ compensation insurance will protect both you and your workers in case of an accident.