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Workers Compensation Insurance in Fountain Valley CAAs an independent contractor in Fountain Valley, 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 Company Near Me In Fountain Valley 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 Fountain Valley CA 92708 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 Fountain Valley will typically have at least an employee or two. Hence, 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 takes place to any of your workers.

Workers’ compensation insurance coverage in Fountain Valley CA is an insurance policy that offers wage replacement and medical costs to your staff members in case they are injured. This policy is in exchange for compulsory relinquishment of their right to sue the employer for compensation.

Why This Policy Is Practical

This policy serves to protect the company from punitive claims by their workers. Sometimes, the suits can cause financial damages causing the business to become insolvent when the damages granted are too high for the company to pay for. Therefore, this system of collective liability was adopted to fix the problem.

The compensation strategies in Fountain Valley vary amongst jurisdictions. Nevertheless, 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 financial loss for the hurt employee, payment or repayment of medical costs in addition to benefits granted to the workers’ dependents in case of death.

As a business owner, you should understand 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 controlled by the individual states and areas the business is located. Hence, there isn’t a single rule that is followed when awarding damages. Thus, when your company expands to other states, it would be prudent to discover from your lawyer how the law works in that area, and therefore you can change the policy accordingly.

Generally, damages sought for pain and suffering due to the carelessness of the employer along with compensatory damages for the employer are not covered by the workers’ compensation plan. Hence, it would be prudent for the employer to make sure that none of their policies or operations directly put the employees at risk of injury even if such an insurance plan is in place.

Not All Businesses Apply

Fountain Valley Workers Compensation InsuranceNot 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 employees) if they want.

Some states also don’t 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 treat uninsured professionals as staff members in case they are injured 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. A lot of employers take measures to guarantee that their workplace is safe, but accidents do happen, and incomes are lost as a result. Thus, getting workers’ compensation insurance will protect both you and your workers in the event of a mishap.

Learn More About Fountain Valley CA 92708

Fountain Valley is a city in Orange County, California with a total population of approximately 56,004. Fountain Valley, which uses the 714 area code, is located at 33.71011, -117.948 at an elevation of 110 feet. There are over 18,861 households and on average there are 2.95 people in each household with a median age of 42.3. The average income in the area is $81,825 and the average home value is $613,800.