As an independent contractor in Glenn County, 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 Glenn County 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 Glenn County CA 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.
Understanding Workers’ Compensation Insurance and More
A lot of mid-sized businesses in Glenn County will usually have at least a worker or 2. Hence, 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 employees.
Workers’ compensation insurance coverage in Glenn County 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 take legal action against the company for compensation.
Why This Policy Is Useful
This policy serves to safeguard the employer from punitive claims by their employees. 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 employer to afford. Thus, this system of cumulative liability was adopted to fix the issue.
The compensation plans in Glenn County vary amongst jurisdictions. However, in general terms, a type of disability insurance in the form of replacement of salaries can be adopted. There will also be compensation for the economic loss for the injured worker, payment or compensation of medical expenditures along with benefits granted to the employees’ dependents in case of death.
As a business owner, you should understand why such an insurance coverage is handy. Apart from saving you from lawsuits that can damage your reputation, it also prevents you from shutting down due to high damages granted to the hurt employee.
The Policy Is Not Standardized
The workers’ compensation insurance policies are regulated by the individual states and areas business is located. Therefore, there isn’t a single rule that is followed when granting damages. Therefore, when your company expands to other states, it would be prudent to find out from your lawyer how the law works in that location, and therefore you can change the policy appropriately.
Generally, damages sought for pain and suffering due to the neglect of the company as well as 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 remains in place.
Not All Businesses Apply
Not all companies need to have workers’ compensation insurance in place. For example, small companies (particularly sole proprietorships and collaborations) will not require the insurance coverage unless they have employees who aren’t also owners. Often, the state laws will permit the owners to get the compensation plan for themselves (as their own employees) if they want.
Some states also do not require 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 deal with uninsured professionals as workers in case they are injured 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. The majority of employers take measures to guarantee that their work environment is safe, but accidents do occur, and incomes are lost as a result. Hence, getting workers’ compensation insurance will safeguard both you and your employees in case of a mishap.
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