As an independent contractor in Cloverdale, 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 Cloverdale 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 Cloverdale CA 95425 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 Cloverdale will normally 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 Cloverdale CA is an insurance policy that supplies wage replacement and medical expenditures to your workers in case they are hurt. This policy is in exchange for compulsory relinquishment of their right to take legal action against the employer for compensation.
Why This Policy Is Helpful
This policy serves to safeguard the company from punitive suits by their workers. In some cases, the suits can cause financial damages leading to the business to become insolvent when the damages awarded are too expensive for the company to afford. Hence, this system of collective liability was adopted to resolve the problem.
The compensation strategies in Cloverdale vary amongst jurisdictions. However, in general terms, a form of disability insurance in the form of replacement of wages can be adopted. There will also be compensation for the economic loss for the hurt employee, payment or reimbursement of medical costs along with benefits granted 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 shutting down due to high damages awarded to the hurt employee.
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 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 works in that location, and therefore you can change the policy accordingly.
Generally, damages sought for pain and suffering due to the carelessness of the company along with compensatory damages for the employer are not covered by the workers’ compensation plan. Thus, it would be prudent for the employer to make sure that none of their policies or operations directly put the employees 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 instance, small companies (particularly 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 enable the owners to get the compensation plan for themselves (as their own employees) if they want.
Some states also don’t need the business to have compensation insurance plan in place if the employees are entirely paid on commission. Depending on the state, the law might deal with 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. A lot of employers take measures to ensure that their workplace is safe, but mishaps do happen, and incomes are lost as a result. Therefore, getting workers’ compensation insurance will protect both you and your staff members in case of an accident.