As an independent contractor in Corning, 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 Agency Near Me In Corning 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 Corning CA 96021 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 Corning will usually have at least a worker or 2. 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 happens to any of your workers.
Workers’ compensation insurance coverage in Corning CA is an insurance policy that offers wage replacement and medical costs to your workers in case they are hurt. This policy is in exchange for obligatory relinquishment of their right to sue the company for compensation.
Why This Policy Is Useful
This policy serves to protect 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 pay for. Thus, this system of collective liability was adopted to resolve the issue.
The compensation plans in Corning vary among jurisdictions. However, in general terms, a kind of disability insurance through replacement of wages can be adopted. There will also be compensation for the economic loss for the injured worker, payment or compensation of medical expenses along with benefits granted to the workers’ dependents in case of death.
As a company owner, you should understand why such an insurance plan is handy. Apart from saving you from lawsuits that can damage your credibility, it also prevents you from shutting down due to high damages granted to the injured worker.
The Policy Is Not Standardized
The workers’ compensation insurance coverage are regulated by the individual states and territories the business is located. Hence, there isn’t a single rule that is followed when granting damages. Hence, when your company expands to other states, it would be prudent to learn from your lawyer how the law works in that location, and therefore you can change the policy appropriately.
Usually, damages sought for pain and suffering due to the carelessness of the company in addition to 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 staff members at risk of injury just because 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 (especially sole proprietorships and collaborations) 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 solely paid on commission. Depending upon the state, the law may treat uninsured professionals as staff members 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 make sure that their workplace 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 staff members in case of a mishap.