As an independent contractor in Camp Pendleton, 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 Camp Pendleton 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 Camp Pendleton CA 92055 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 Camp Pendleton will typically have at least a staff member or 2. Thus, 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 workers.
Workers’ compensation insurance coverage in Camp Pendleton CA is an insurance policy that provides wage replacement and medical expenditures to your employees in case they are injured. This policy is in exchange for mandatory relinquishment of their right to take legal action against the employer for compensation.
Why This Policy Is Helpful
This policy serves to protect the company 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 awarded are too expensive for the company to pay for. Hence, this system of cumulative liability was adopted to solve the concern.
The compensation strategies in Camp Pendleton vary amongst jurisdictions. Nevertheless, in general terms, a form of disability insurance in the form of replacement of earnings can be adopted. There will also be compensation for the financial loss for the injured employee, payment or compensation of medical expenses along with benefits awarded to the staff members’ dependents in case of death.
As an entrepreneur, you should understand why such an insurance policy is handy. Apart from saving you from lawsuits that can damage your credibility, it also prevents you from shutting down due to high damages awarded to the injured worker.
The Policy Is Not Standardized
The workers’ compensation insurance coverage are managed by the individual states and territories the business is located. Therefore, there isn’t a single rule that is followed when granting damages. Therefore, when your company expands to other states, it would be prudent to discover from your lawyer how the law works in that location, and therefore you can adjust the policy appropriately.
Generally, damages sought for pain and suffering due to the negligence of the employer as well as compensatory damages for the company are not covered by the workers’ compensation plan. Thus, it would be prudent for the company to make sure that none of their policies or operations directly put the staff members at risk of injury even if such an insurance plan is in place.
Not All Businesses Apply
Not all companies need to have workers’ compensation insurance in place. For example, small businesses (especially sole proprietorships and partnerships) won’t need the insurance coverage unless they have staff members who aren’t also owners. Often, the state laws will enable 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 staff members are solely paid on commission. Depending upon 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 staff members who aren’t owners, then it is a requirement to have such compensation insurance plans in place. Most employers take measures to ensure 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 the event of a mishap.