As an independent contractor in Citrus Heights, 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 Experts Near Me In Citrus Heights 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 Citrus Heights CA 95610 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
Many mid-sized businesses in Citrus Heights will usually have at least a staff member 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 happens to any of your staff members.
Workers’ compensation insurance coverage in Citrus Heights CA is an insurance policy that offers wage replacement and medical costs to your staff members in case they are hurt. This policy is in exchange for mandatory relinquishment of their right to sue the company for compensation.
Why This Policy Is Handy
This policy serves to safeguard the company from punitive suits by their staff members. In some cases, the lawsuits can cause financial damages causing the business to become insolvent when the damages awarded are too expensive for the employer to manage. Hence, this system of cumulative liability was adopted to solve the problem.
The compensation plans in Citrus Heights differ among jurisdictions. Nevertheless, in general terms, a type of disability insurance through replacement of incomes can be adopted. There will also be compensation for the economic loss for the injured worker, payment or repayment of medical costs as well as benefits awarded to the staff members’ dependents in case of death.
As a business owner, you should understand why such an insurance policy is handy. Apart from saving you from suits 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 coverage are controlled by the individual states and territories the business is located. Therefore, 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 lawyer how the law works in that area, and therefore you can change the policy appropriately.
Usually, 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. Thus, it would be prudent for the company to make sure that none of their policies or operations directly put the employees 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 (particularly sole proprietorships and collaborations) won’t require the insurance coverage unless they have employees who aren’t also owners. Often, the state laws will permit the owners to get the compensation plan for themselves (as their own staff members) if they wish.
Some states also do not require the business to have compensation insurance plan in place if the employees are solely paid on commission. Depending upon the state, the law may deal with uninsured specialists as staff members 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. A lot of companies take measures to ensure that their work environment is safe, but accidents do take place, and livelihoods are lost as a result. Hence, getting workers’ compensation insurance will safeguard both you and your employees in case of a mishap.