As an independent contractor in Cottonwood, 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 Cottonwood 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 Cottonwood CA 96022 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
Many mid-sized businesses in Cottonwood will normally have at least a worker or two. Therefore, 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 takes place to any of your staff members.
Workers’ compensation insurance coverage in Cottonwood CA is an insurance policy that offers wage replacement and medical costs to your employees 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 Helpful
This policy serves to safeguard the employer from punitive suits by their staff members. Often, the lawsuits can cause financial damages resulting in the business to become insolvent when the damages granted are too expensive for the employer to pay for. Hence, this system of collective liability was adopted to solve the problem.
The compensation strategies in Cottonwood differ amongst jurisdictions. However, in general terms, a kind of disability insurance in the form of replacement of salaries can be adopted. There will also be compensation for the economic loss for the hurt staff member, payment or reimbursement of medical costs along with benefits granted to the staff members’ dependents in case of death.
As an entrepreneur, you should comprehend why such an insurance policy is handy. Apart from saving you from lawsuits that can damage your reputation, 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 coverage are controlled by the individual states and areas the business is located. Therefore, there isn’t really a single guideline that is followed when granting damages. Therefore, when your company expands to other states, it would be prudent to discover from your attorney how the law works in that area, and therefore you can adjust the policy accordingly.
Generally, damages sought for pain and suffering due to the carelessness of the company along with punitive 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 employees at risk of injury even if such an insurance plan is in place.
Not All Businesses Apply
Not all companies have to have workers’ compensation insurance in place. For example, small businesses (particularly sole proprietorships and collaborations) won’t need the insurance coverage unless they have employees 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 workers) if they want.
Some states also do not need the business to have compensation insurance plan in place if the workers are solely paid on commission. Depending upon the state, the law may deal with uninsured specialists 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. A lot of companies take measures to guarantee that their workplace is safe, but accidents do happen, 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.