As an independent contractor in Colusa County, 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 Colusa County 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 Colusa County CA 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.
Comprehending Workers’ Compensation Insurance and More
Most mid-sized businesses in Colusa County will typically have at least an employee or two. Hence, 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 occurs to any of your staff members.
Workers’ compensation insurance coverage in Colusa County CA is an insurance policy that offers wage replacement and medical costs to your workers in case they are injured. This policy is in exchange for compulsory relinquishment of their right to sue the company for compensation.
Why This Policy Is Helpful
This policy serves to safeguard the company from punitive claims by their staff members. Sometimes, the suits can cause financial damages causing the business to become insolvent when the damages awarded are too high for the employer to pay for. Hence, this system of cumulative liability was adopted to resolve the issue.
The compensation strategies in Colusa County differ amongst jurisdictions. However, in general terms, a form of disability insurance in the form of replacement of incomes can be adopted. There will also be compensation for the economic loss for the hurt employee, payment or compensation of medical expenses along with benefits awarded to the staff members’ 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 shutting down due to high damages awarded to the injured worker.
The Policy Is Not Standardized
The workers’ compensation insurance policies are regulated by the individual states and areas the business is located. Hence, there isn’t really 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 operates in that area, and therefore you can change the policy accordingly.
Typically, damages sought for pain and suffering due to the negligence 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 employer to make sure that none of their policies or operations directly put the staff members 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 instance, small businesses (specifically sole proprietorships and partnerships) won’t require the insurance coverage unless they have workers who aren’t also owners. In some cases, the state laws will permit the owners to get the compensation plan for themselves (as their own staff members) if they want.
Some states also don’t need 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 deal with uninsured professionals 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. The majority of companies take measures to ensure that their workplace is safe, but accidents do take place, and incomes are lost as a result. Thus, getting workers’ compensation insurance will safeguard both you and your staff members in the event of a mishap.