As an independent contractor in Escalon, 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 Specialists Near Me In Escalon 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 Escalon CA 95320 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
The majority of mid-sized businesses in Escalon will typically have at least a worker or two. 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 occurs to any of your staff members.
Workers’ compensation insurance coverage in Escalon CA is an insurance policy that offers wage replacement and medical expenses to your employees in case they are hurt. This policy is in exchange for necessary relinquishment of their right to take legal action against the company for compensation.
Why This Policy Is Handy
This policy serves to safeguard the company from punitive lawsuits by their workers. Sometimes, the suits can cause monetary damages leading to the business to become insolvent when the damages awarded are too high for the company to manage. Hence, this system of cumulative liability was adopted to fix the problem.
The compensation strategies in Escalon vary amongst jurisdictions. Nevertheless, in general terms, a form of disability insurance through replacement of incomes can be adopted. There will also be compensation for the financial loss for the hurt worker, payment or reimbursement of medical expenses as well as benefits awarded to the workers’ dependents in case of death.
As a company owner, you should understand why such an insurance policy is handy. Apart from saving you from lawsuits that can damage your credibility, it also prevents you from closing down due to high damages granted to the injured worker.
The Policy Is Not Standardized
The workers’ compensation insurance policies are controlled by the individual states and territories business is located. Therefore, 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 learn from your attorney how the law operates in that location, and therefore you can change the policy appropriately.
Usually, damages sought for pain and suffering due to the carelessness of the employer as well as 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 remains in place.
Not All Businesses Apply
Not all companies need to have workers’ compensation insurance in place. For instance, small businesses (particularly sole proprietorships and collaborations) won’t 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 workers) if they wish.
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 may treat uninsured contractors as workers 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. The majority of companies take measures to guarantee 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 workers in the event of a mishap.