As an independent contractor in Corte Madera, 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 Corte Madera 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 Corte Madera CA 94925 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 Corte Madera will normally 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 takes place to any of your workers.
Workers’ compensation insurance coverage in Corte Madera CA is an insurance policy that provides wage replacement and medical expenditures to your staff members in case they are hurt. This policy is in exchange for necessary relinquishment of their right to take legal action against the employer for compensation.
Why This Policy Is Useful
This policy serves to safeguard the company from punitive lawsuits by their staff members. Sometimes, the suits can cause financial damages resulting in the business to become insolvent when the damages granted are too expensive for the employer to pay for. Therefore, this system of collective liability was adopted to resolve the issue.
The compensation strategies in Corte Madera vary among jurisdictions. However, in general terms, a form of disability insurance through replacement of wages can be adopted. There will also be compensation for the financial loss for the injured staff member, payment or reimbursement of medical expenditures as well as benefits awarded to the workers’ dependents in case of death.
As a business owner, you should comprehend why such an insurance coverage is handy. Apart from saving you from lawsuits that can damage your credibility, it also prevents you from shutting down due to high damages awarded to the hurt worker.
The Policy Is Not Standardized
The workers’ compensation insurance plans are controlled by the individual states and areas the business is located. Hence, there isn’t a single rule that is followed when awarding damages. Therefore, when your company expands to other states, it would be prudent to learn from your lawyer how the law works in that area, and therefore you can change the policy accordingly.
Generally, damages sought for pain and suffering due to the neglect of the company in addition to punitive 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 even if 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 (particularly sole proprietorships and partnerships) won’t require 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 workers) if they want.
Some states also don’t require the business to have compensation insurance plan in place if the staff members are exclusively paid on commission. Depending upon the state, the law may treat uninsured specialists as workers in case they are hurt while working for you.
Getting the Plan
As a rule, if you have workers 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 workplace is safe, but accidents do happen, and incomes are lost as a result. Therefore, getting workers’ compensation insurance will safeguard both you and your staff members in the event of a mishap.