As an independent contractor in Canyon Dam, 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 Canyon Dam 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 Canyon Dam CA 95923 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
Most mid-sized businesses in Canyon Dam will typically have at least an employee or two. 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 occurs to any of your staff members.
Workers’ compensation insurance coverage in Canyon Dam CA is an insurance policy that provides wage replacement and medical expenditures to your staff members in case they are injured. This policy is in exchange for necessary relinquishment of their right to sue the employer for compensation.
Why This Policy Is Handy
This policy serves to safeguard the company from punitive suits by their employees. Often, the suits can cause monetary damages leading to the business to become insolvent when the damages granted are too expensive for the employer to pay for. Therefore, this system of cumulative liability was adopted to resolve the concern.
The compensation plans in Canyon Dam vary among jurisdictions. Nevertheless, in general terms, a kind of disability insurance in the form of replacement of earnings can be adopted. There will also be compensation for the economic loss for the hurt staff member, payment or repayment of medical costs as well as benefits awarded to the workers’ dependents in case of death.
As an entrepreneur, you should understand why such an insurance plan is handy. Apart from saving you from suits that can damage your credibility, 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 policies are controlled by the individual states and territories business is located. Thus, there isn’t really a single rule 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 location, and therefore you can change the policy appropriately.
Generally, damages sought for pain and suffering due to the carelessness of the employer in addition to 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 workers at risk of injury even if such an insurance plan remains in place.
Not All Businesses Apply
Not all companies have to have workers’ compensation insurance in place. For instance, small companies (especially sole proprietorships and partnerships) will not need the insurance coverage unless they have employees who aren’t also owners. In some cases, the state laws will allow the owners to get the compensation plan for themselves (as their own staff members) if they wish.
Some states also do not need the business to have compensation insurance plan in place if the employees are solely paid on commission. Depending upon the state, the law might treat uninsured specialists as employees in case they are injured 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. A lot of employers take measures to ensure that their workplace is safe, but accidents do take place, and incomes are lost as a result. Therefore, getting workers’ compensation insurance will safeguard both you and your staff members in case of a mishap.