As an independent contractor in Hornbrook, 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 Hornbrook 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 Hornbrook CA 96044 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 Hornbrook will usually have at least a worker or 2. Thus, 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 happens to any of your employees.
Workers’ compensation insurance coverage in Hornbrook CA is an insurance policy that offers wage replacement and medical costs to your workers in case they are hurt. This policy is in exchange for compulsory forfeiture of their right to sue the company for compensation.
Why This Policy Is Useful
This policy serves to safeguard the employer from punitive lawsuits by their employees. Often, the claims can cause monetary damages leading to the business to become insolvent when the damages granted are too expensive for the employer to manage. Thus, this system of cumulative liability was adopted to resolve the concern.
The compensation strategies in Hornbrook vary among jurisdictions. Nevertheless, in general terms, a type of disability insurance through replacement of incomes can be adopted. There will also be compensation for the financial loss for the injured staff member, payment or compensation of medical costs as well as benefits granted to the workers’ dependents in case of death.
As an entrepreneur, you should understand why such an insurance plan comes in handy. Apart from saving you from claims that can damage your reputation, it also prevents you from closing down due to high damages granted to the injured staff member.
The Policy Is Not Standardized
The workers’ compensation insurance policies are controlled by the individual states and territories business is located. Thus, there isn’t really a single guideline 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 location, and therefore you can adjust the policy appropriately.
Usually, damages sought for pain and suffering due to the neglect of the employer in addition to 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 staff members at risk of injury even if 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 (especially sole proprietorships and collaborations) will not need the insurance coverage unless they have staff members who aren’t also owners. Sometimes, 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 exclusively paid on commission. Depending upon the state, the law may deal with uninsured contractors as employees in case they are hurt 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. Most companies take measures to make sure that their workplace is safe, but mishaps do take place, and livelihoods are lost as a result. Hence, getting workers’ compensation insurance will safeguard both you and your employees in the event of an accident.