As an independent contractor in Capay, 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 Capay 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 Capay CA 95607 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
The majority of mid-sized businesses in Capay will generally have at least an employee or more. 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 takes place to any of your workers.
Workers’ compensation insurance coverage in Capay CA is an insurance policy that provides wage replacement and medical costs to your workers in case they are injured. This policy is in exchange for necessary forfeiture of their right to sue the company for compensation.
Why This Policy Is Useful
This policy serves to safeguard the employer from punitive lawsuits by their employees. Sometimes, the suits can cause monetary damages resulting in the business to become insolvent when the damages awarded are too expensive for the employer to pay for. Thus, this system of cumulative liability was adopted to fix the problem.
The compensation plans in Capay vary among jurisdictions. However, 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 compensation of medical expenses in addition to benefits awarded to the workers’ dependents in case of death.
As a company owner, you should comprehend why such an insurance policy is handy. Apart from saving you from claims that can damage your track record, it also prevents you from closing down due to high damages granted to the injured staff member.
The Policy Is Not Standardized
The workers’ compensation insurance policies are controlled by the individual states and territories business is located. Therefore, there isn’t really a single guideline that is followed when awarding damages. Thus, when your company expands to other states, it would be prudent to find out from your lawyer how the law operates in that location, and therefore you can adjust the policy appropriately.
Typically, damages sought for pain and suffering due to the carelessness of the employer as well as punitive damages for the employer 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 just because 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 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 permit the owners to get the compensation plan for themselves (as their own workers) if they wish.
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 might treat uninsured specialists as workers 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. The majority of employers take measures to make sure that their work environment is safe, but accidents do occur, and livelihoods are lost as a result. Thus, getting workers’ compensation insurance will safeguard both you and your staff members in the event of an accident.