As an independent contractor in Cima, 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 Cima 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 Cima CA 92323 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 Cima will usually have at least an employee or two. Thus, as a business 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 employees.
Workers’ compensation insurance coverage in Cima CA is an insurance policy that supplies wage replacement and medical expenditures to your employees in case they are hurt. This policy is in exchange for compulsory forfeiture of their right to take legal action against the company for compensation.
Why This Policy Is Useful
This policy serves to protect the company from punitive claims by their staff members. Sometimes, the suits can cause monetary damages leading to the business to become insolvent when the damages granted are too high for the employer to pay for. Thus, this system of cumulative liability was adopted to resolve the issue.
The compensation plans in Cima 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 compensation of medical expenditures along with benefits awarded to the employees’ dependents in case of death.
As a company owner, you should understand why such an insurance policy comes in handy. Apart from saving you from suits that can damage your reputation, it also prevents you from closing down due to high damages awarded to the hurt worker.
The Policy Is Not Standardized
The workers’ compensation insurance coverage are managed by the individual states and territories the business is located. Thus, there isn’t a single guideline that is followed when granting damages. Thus, when your company expands to other states, it would be prudent to find out from your attorney how the law operates in that location, and therefore you can adjust the policy accordingly.
Usually, damages sought for pain and suffering due to the neglect of the company in addition to compensatory damages for the company 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 staff members at risk of injury just because 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 partnerships) won’t require the insurance coverage unless they have staff members who aren’t also owners. Often, the state laws will allow the owners to get the compensation plan for themselves (as their own employees) if they wish.
Some states also don’t need the business to have compensation insurance plan in place if the workers are exclusively paid on commission. Depending on the state, the law might treat uninsured contractors as employees 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. A lot of employers take measures to make sure that their work environment is safe, but accidents do take place, and livelihoods are lost as a result. Therefore, getting workers’ compensation insurance will safeguard both you and your employees in case of an accident.