As an independent contractor in Drytown, 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 Drytown 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 Drytown CA 95699 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 Drytown will generally have at least a worker or two. Therefore, 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 happens to any of your employees.
Workers’ compensation insurance coverage in Drytown CA is an insurance policy that supplies wage replacement and medical expenses to your workers in case they are hurt. This policy is in exchange for obligatory forfeiture of their right to take legal action against the employer for compensation.
Why This Policy Is Handy
This policy serves to safeguard the employer from punitive suits by their staff members. In some cases, the lawsuits can cause financial damages leading to the business to become insolvent when the damages awarded are too high for the company to afford. Therefore, this system of collective liability was adopted to resolve the problem.
The compensation strategies in Drytown differ amongst jurisdictions. However, in general terms, a form 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 employee, payment or compensation of medical expenses along with benefits granted to the staff members’ dependents in case of death.
As a business owner, 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 awarded to the hurt staff member.
The Policy Is Not Standardized
The workers’ compensation insurance policies are managed by the individual states and areas the business is located. Hence, there isn’t a single guideline that is followed when granting damages. Hence, when your company expands to other states, it would be prudent to discover from your attorney how the law works in that location, and therefore you can change the policy accordingly.
Generally, damages sought for pain and suffering due to the neglect of the employer along with punitive damages for the company 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 just because 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 (especially sole proprietorships and partnerships) won’t require the insurance coverage unless they have staff members who aren’t also owners. Sometimes, the state laws will enable 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 workers are solely paid on commission. Depending upon the state, the law might deal with uninsured contractors as staff members in case they are hurt 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. Many employers take measures to make sure that their work environment is safe, but mishaps do take place, and livelihoods are lost as a result. Thus, getting workers’ compensation insurance will safeguard both you and your staff members in the event of an accident.