As an independent contractor in Davenport, 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 Davenport 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 Davenport CA 95017 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
Many mid-sized businesses in Davenport will usually have at least an employee 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 workers.
Workers’ compensation insurance coverage in Davenport CA is an insurance policy that provides wage replacement and medical costs to your workers in case they are hurt. This policy is in exchange for compulsory forfeiture of their right to sue the company for compensation.
Why This Policy Is Helpful
This policy serves to protect the employer from punitive suits by their workers. Sometimes, the claims can cause financial damages resulting in the business to become insolvent when the damages awarded are too expensive for the company to afford. Therefore, this system of cumulative liability was adopted to solve the concern.
The compensation strategies in Davenport differ amongst jurisdictions. Nevertheless, in general terms, a form 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 staff member, payment or reimbursement of medical expenditures in addition to benefits awarded to the employees’ dependents in case of death.
As a company owner, you should comprehend why such an insurance plan is handy. Apart from saving you from suits that can damage your track record, it also prevents you from shutting down due to high damages awarded to the hurt employee.
The Policy Is Not Standardized
The workers’ compensation insurance plans are managed by the individual states and areas business is located. Hence, there isn’t really a single rule that is followed when awarding damages. Hence, when your company expands to other states, it would be prudent to find out from your lawyer how the law operates in that area, and therefore you can adjust the policy accordingly.
Usually, damages sought for pain and suffering due to the negligence of the employer in addition to compensatory damages for the employer are not covered by the workers’ compensation plan. Therefore, 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 remains in place.
Not All Businesses Apply
Not all companies need to have workers’ compensation insurance in place. For instance, small businesses (specifically sole proprietorships and collaborations) won’t need the insurance coverage unless they have workers 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 staff members) if they wish.
Some states also don’t require the business to have compensation insurance plan in place if the staff members are solely paid on commission. Depending on the state, the law might treat uninsured professionals as workers 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. Many companies take measures to make sure that their work environment is safe, but accidents do occur, and livelihoods are lost as a result. Thus, getting workers’ compensation insurance will safeguard both you and your staff members in case of a mishap.