As an independent contractor in Cotati, 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 Cotati 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 Cotati CA 94931 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
Comprehending Workers’ Compensation Insurance and More
The majority of mid-sized businesses in Cotati will usually have at least a staff member or two. Hence, 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 occurs to any of your staff members.
Workers’ compensation insurance coverage in Cotati CA is an insurance policy that provides wage replacement and medical expenditures to your employees in case they are hurt. This policy is in exchange for necessary relinquishment of their right to sue the employer for compensation.
Why This Policy Is Useful
This policy serves to safeguard the employer from punitive suits by their employees. Sometimes, the lawsuits can cause financial damages leading to the business to become insolvent when the damages granted are too high for the employer to manage. Hence, this system of cumulative liability was adopted to solve the concern.
The compensation strategies in Cotati differ among jurisdictions. However, in general terms, a type of disability insurance in the form of replacement of wages can be adopted. There will also be compensation for the economic loss for the injured employee, payment or compensation of medical costs in addition to benefits awarded to the staff members’ dependents in case of death.
As a business owner, you should understand why such an insurance plan 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 employee.
The Policy Is Not Standardized
The workers’ compensation insurance plans are controlled by the individual states and areas business is located. Hence, there isn’t a single guideline that is followed when awarding damages. Hence, when your company expands to other states, it would be prudent to find out from your attorney how the law works in that area, and therefore you can adjust the policy appropriately.
Typically, damages sought for pain and suffering due to the negligence of the employer as well as compensatory damages for the employer are not covered by the workers’ compensation plan. Hence, it would be prudent for the company to make sure that none of their policies or operations directly put the workers 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 companies (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 allow the owners to get the compensation plan for themselves (as their own workers) if they want.
Some states also do not require the business to have compensation insurance plan in place if the employees are entirely paid on commission. Depending upon the state, the law might treat uninsured contractors as staff members in case they are injured 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. Most employers take measures to guarantee that their work environment is safe, but mishaps do occur, and incomes are lost as a result. Hence, getting workers’ compensation insurance will protect both you and your workers in the event of an accident.