As an independent contractor in Glencoe, 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 Glencoe 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 Glencoe CA 95232 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 Glencoe will usually have at least a staff member or 2. Therefore, 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 Glencoe CA is an insurance policy that provides wage replacement and medical costs to your staff members in case they are injured. This policy is in exchange for obligatory relinquishment of their right to sue the company for compensation.
Why This Policy Is Useful
This policy serves to safeguard the employer from punitive suits by their workers. Often, the lawsuits can cause monetary damages causing the business to become insolvent when the damages granted are too expensive for the company to pay for. Therefore, this system of collective liability was adopted to resolve the concern.
The compensation plans in Glencoe differ among jurisdictions. Nevertheless, in general terms, a form of disability insurance in the form of replacement of earnings can be adopted. There will also be compensation for the financial loss for the hurt employee, payment or repayment of medical expenditures as well as benefits granted to the workers’ dependents in case of death.
As a business owner, you should understand why such an insurance policy is handy. Apart from saving you from lawsuits that can damage your reputation, it also prevents you from closing down due to high damages awarded to the hurt staff member.
The Policy Is Not Standardized
The workers’ compensation insurance policies are controlled by the individual states and territories the business is located. Thus, there isn’t a single rule that is followed when awarding damages. Therefore, 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.
Normally, damages sought for pain and suffering due to the neglect of the employer as well as punitive damages for the employer 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 even if such an insurance plan is in place.
Not All Businesses Apply
Not all companies need to have workers’ compensation insurance in place. For instance, small companies (particularly sole proprietorships and collaborations) won’t need the insurance coverage unless they have staff members who aren’t also owners. Sometimes, the state laws will allow 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 might treat uninsured contractors as staff members 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 employers take measures to guarantee that their workplace is safe, but mishaps do take place, and livelihoods are lost as a result. Hence, getting workers’ compensation insurance will protect both you and your staff members in case of an accident.