As an independent contractor in Davis, 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 Davis 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 Davis CA 95616 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 Davis will usually have at least an employee or 2. Thus, 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 happens to any of your staff members.
Workers’ compensation insurance coverage in Davis CA is an insurance policy that supplies wage replacement and medical expenditures to your employees in case they are hurt. This policy is in exchange for necessary forfeiture of their right to sue the company for compensation.
Why This Policy Is Useful
This policy serves to protect the employer from punitive lawsuits by their workers. Often, the suits can cause financial damages leading to the business to become insolvent when the damages granted are too expensive for the company to afford. Therefore, this system of cumulative liability was adopted to fix the problem.
The compensation plans in Davis differ among jurisdictions. However, in general terms, a kind of disability insurance in the form of replacement of incomes can be adopted. There will also be compensation for the financial loss for the hurt worker, payment or compensation of medical costs as well as benefits awarded to the staff members’ dependents in case of death.
As an entrepreneur, you should understand why such an insurance coverage comes in handy. Apart from saving you from suits that can damage your credibility, it also prevents you from closing down due to high damages granted to the injured staff member.
The Policy Is Not Standardized
The workers’ compensation insurance coverage are regulated by the individual states and areas the business is located. Thus, there isn’t really a single rule that is followed when awarding damages. Thus, when your company expands to other states, it would be prudent to find out from your lawyer 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 in addition to 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 just because such an insurance plan is in place.
Not All Businesses Apply
Not all companies have to have workers’ compensation insurance in place. For instance, small companies (especially sole proprietorships and partnerships) won’t need the insurance coverage unless they have employees who aren’t also owners. Often, the state laws will permit the owners to get the compensation plan for themselves (as their own staff members) if they want.
Some states also don’t need the business to have compensation insurance plan in place if the staff members are exclusively paid on commission. Depending upon the state, the law might deal with uninsured contractors as employees in case they are injured 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. Many employers take measures to ensure that their workplace is safe, but mishaps do happen, and livelihoods are lost as a result. Therefore, getting workers’ compensation insurance will protect both you and your staff members in the event of a mishap.