As an independent contractor in Jacumba, 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 Agency Near Me In Jacumba 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 Jacumba CA 91934 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
Many mid-sized businesses in Jacumba will normally have at least a staff member or two. 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 staff members.
Workers’ compensation insurance coverage in Jacumba CA is an insurance policy that provides wage replacement and medical expenses to your employees in case they are hurt. This policy is in exchange for obligatory relinquishment of their right to sue the company for compensation.
Why This Policy Is Valuable
This policy serves to safeguard the employer from punitive lawsuits by their staff members. Sometimes, the suits can cause financial damages leading to the business to become insolvent when the damages granted are too high for the company to manage. Therefore, this system of cumulative liability was adopted to resolve the problem.
The compensation strategies in Jacumba vary among jurisdictions. However, in general terms, a kind of disability insurance in the form of replacement of incomes can be adopted. There will also be compensation for the economic loss for the hurt worker, payment or compensation of medical expenses in addition to benefits granted to the workers’ dependents in case of death.
As a company owner, you should comprehend why such an insurance plan comes in handy. Apart from saving you from claims that can damage your track record, 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 plans are managed by the individual states and areas business is located. Thus, there isn’t a single guideline that is followed when awarding damages. Hence, when your company expands to other states, it would be prudent to find out from your attorney how the law works in that location, and therefore you can change the policy appropriately.
Normally, damages sought for pain and suffering due to the negligence of the employer as well as punitive damages for the employer 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 employees at risk of injury even if such an insurance plan remains in place.
Not All Businesses Apply
Not all companies have to have workers’ compensation insurance in place. For instance, small companies (specifically sole proprietorships and collaborations) will not need the insurance coverage unless they have staff members who aren’t also owners. In some cases, the state laws will allow the owners to get the compensation plan for themselves (as their own workers) if they want.
Some states also don’t require the business to have compensation insurance plan in place if the workers are entirely paid on commission. Depending on the state, the law might treat uninsured professionals as staff members in case they are hurt 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. Many employers take measures to ensure that their workplace is safe, but mishaps do occur, and livelihoods are lost as a result. Thus, getting workers’ compensation insurance will protect both you and your workers in the event of an accident.