As an independent contractor in Grass 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 Experts Near Me In Grass 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 Grass Valley CA 95945 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
The majority of mid-sized businesses in Grass Valley will usually have at least an employee or more. Thus, 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 occurs to any of your staff members.
Workers’ compensation insurance coverage in Grass Valley CA is an insurance policy that provides wage replacement and medical expenditures to your employees in case they are hurt. This policy is in exchange for obligatory forfeiture of their right to take legal action against the company for compensation.
Why This Policy Is Helpful
This policy serves to safeguard the employer from punitive lawsuits by their staff members. Sometimes, the suits can cause financial damages resulting in the business to become insolvent when the damages awarded are too expensive for the company to pay for. Hence, this system of collective liability was adopted to fix the concern.
The compensation strategies in Grass Valley differ among jurisdictions. Nevertheless, in general terms, a kind of disability insurance through replacement of salaries can be adopted. There will also be compensation for the economic loss for the injured worker, payment or compensation of medical costs as well as benefits awarded to the workers’ dependents in case of death.
As a business owner, you should comprehend why such an insurance plan is handy. Apart from saving you from claims that can damage your credibility, it also prevents you from closing down due to high damages granted to the injured employee.
The Policy Is Not Standardized
The workers’ compensation insurance policies are controlled by the individual states and territories the business is located. Therefore, there isn’t really a single guideline that is followed when granting damages. Thus, when your company expands to other states, it would be prudent to learn from your attorney how the law works in that location, and therefore you can adjust the policy appropriately.
Generally, damages sought for pain and suffering due to the negligence of the employer in addition to compensatory damages for the company are not covered by the workers’ compensation plan. Thus, 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 just because such an insurance plan remains in place.
Not All Businesses Apply
Not all companies have to have workers’ compensation insurance in place. For example, small companies (particularly sole proprietorships and partnerships) won’t require the insurance coverage unless they have employees who aren’t also owners. Sometimes, the state laws will enable the owners to get the compensation plan for themselves (as their own employees) if they want.
Some states also do not need the business to have compensation insurance plan in place if the workers are solely paid on commission. Depending upon the state, the law might deal with uninsured professionals as employees 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. The majority of employers take measures to ensure that their work environment is safe, but accidents do happen, and livelihoods are lost as a result. Hence, getting workers’ compensation insurance will protect both you and your workers in case of a mishap.