As an independent contractor in Fort Bragg, 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 Fort Bragg 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 Fort Bragg CA 95437 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
Most mid-sized businesses in Fort Bragg will normally have at least a worker or more. Therefore, 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 takes place to any of your staff members.
Workers’ compensation insurance coverage in Fort Bragg CA is an insurance policy that supplies wage replacement and medical expenditures to your staff members in case they are injured. This policy is in exchange for mandatory relinquishment of their right to sue the company for compensation.
Why This Policy Is Handy
This policy serves to safeguard the company from punitive lawsuits by their workers. In some cases, the lawsuits can cause monetary damages causing the business to become insolvent when the damages granted are too high for the company to afford. Therefore, this system of collective liability was adopted to resolve the problem.
The compensation plans in Fort Bragg vary amongst jurisdictions. Nevertheless, in general terms, a kind 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 worker, 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 policy is handy. Apart from saving you from claims that can damage your credibility, it also prevents you from shutting down due to high damages awarded to the injured staff member.
The Policy Is Not Standardized
The workers’ compensation insurance coverage are managed by the individual states and territories the business is located. Hence, there isn’t really a single rule that is followed when granting damages. Therefore, 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.
Typically, damages sought for pain and suffering due to the neglect of the employer along with punitive 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 employees 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 example, small businesses (specifically sole proprietorships and partnerships) will not need 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 require the business to have compensation insurance plan in place if the staff members are solely paid on commission. Depending upon the state, the law may treat uninsured professionals 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. A lot of employers take measures to make sure that their work environment is safe, but accidents do take place, and incomes are lost as a result. Hence, getting workers’ compensation insurance will protect both you and your staff members in case of a mishap.