As an independent contractor in Huntington Beach, 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 Huntington Beach 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 Huntington Beach CA 92605 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 Huntington Beach will generally have at least an employee or more. 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 Huntington Beach CA is an insurance policy that supplies wage replacement and medical costs to your workers in case they are injured. This policy is in exchange for obligatory relinquishment of their right to take legal action against the employer for compensation.
Why This Policy Is Useful
This policy serves to safeguard the employer from punitive lawsuits by their workers. Often, the claims can cause monetary damages leading to the business to become insolvent when the damages granted are too high for the employer to afford. Hence, this system of cumulative liability was adopted to resolve the problem.
The compensation strategies in Huntington Beach vary amongst jurisdictions. However, in general terms, a type of disability insurance in the form of replacement of incomes can be adopted. There will also be compensation for the financial loss for the injured worker, payment or compensation of medical expenses in addition to benefits granted to the staff members’ dependents in case of death.
As a company owner, you should understand why such an insurance plan is handy. Apart from saving you from lawsuits that can damage your credibility, it also prevents you from closing down due to high damages granted to the hurt staff member.
The Policy Is Not Standardized
The workers’ compensation insurance plans are controlled by the individual states and territories the business is located. Thus, there isn’t a single guideline that is followed when granting damages. Hence, when your company expands to other states, it would be prudent to learn from your attorney how the law operates in that area, and therefore you can change the policy accordingly.
Typically, damages sought for pain and suffering due to the negligence of the employer along with punitive damages for the company are not covered by the workers’ compensation plan. Hence, it would be prudent for the company to make sure that none of their policies or operations directly put the staff members 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 (especially sole proprietorships and collaborations) won’t need the insurance coverage unless they have staff members who aren’t also owners. Often, the state laws will allow 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 workers are solely paid on commission. Depending on the state, the law might 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. Most employers take measures to make sure that their work environment is safe, but mishaps do take place, and incomes are lost as a result. Thus, getting workers’ compensation insurance will protect both you and your staff members in case of an accident.