As an independent contractor in Coulterville, 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 Coulterville 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 Coulterville CA 95311 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 Coulterville will usually have at least an employee or 2. Thus, as a company 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 employees.
Workers’ compensation insurance coverage in Coulterville CA is an insurance policy that provides wage replacement and medical expenses to your employees in case they are hurt. This policy is in exchange for obligatory relinquishment of their right to sue the employer for compensation.
Why This Policy Is Practical
This policy serves to safeguard the employer from punitive suits by their staff members. Often, the lawsuits can cause monetary damages resulting in the business to become insolvent when the damages granted are too high for the employer to manage. Therefore, this system of collective liability was adopted to solve the issue.
The compensation strategies in Coulterville vary amongst jurisdictions. However, in general terms, a form of disability insurance in the form of replacement of earnings can be adopted. There will also be compensation for the economic loss for the hurt staff member, payment or reimbursement of medical costs as well as benefits awarded to the employees’ dependents in case of death.
As an entrepreneur, you should understand why such an insurance coverage is handy. Apart from saving you from suits that can damage your reputation, 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 plans are regulated by the individual states and territories business is located. Therefore, 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 attorney how the law operates in that area, and therefore you can change the policy appropriately.
Typically, damages sought for pain and suffering due to the neglect of the employer in addition to compensatory damages for the company 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 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 (particularly sole proprietorships and partnerships) will not require 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 employees) if they wish.
Some states also don’t need the business to have compensation insurance plan in place if the employees are entirely paid on commission. Depending on the state, the law might treat uninsured contractors as staff members 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. The majority of employers take measures to ensure that their workplace is safe, but mishaps do occur, and incomes are lost as a result. Hence, getting workers’ compensation insurance will protect both you and your employees in the event of a mishap.