As an independent contractor in Keene, 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 Keene 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 Keene CA 93531 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 Keene will generally have at least a worker or 2. Therefore, 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 happens to any of your employees.
Workers’ compensation insurance coverage in Keene CA is an insurance policy that provides 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 sue the company for compensation.
Why This Policy Is Valuable
This policy serves to safeguard the company from punitive suits by their staff members. Often, the lawsuits can cause monetary damages leading to the business to become insolvent when the damages granted are too high for the company to pay for. Thus, this system of collective liability was adopted to solve the issue.
The compensation plans in Keene differ amongst jurisdictions. However, in general terms, a form of disability insurance through replacement of incomes can be adopted. There will also be compensation for the economic loss for the injured worker, payment or reimbursement of medical costs along with benefits awarded to the staff members’ dependents in case of death.
As a business owner, you should understand why such an insurance coverage is handy. Apart from saving you from suits that can damage your reputation, it also prevents you from closing down due to high damages awarded to the injured staff member.
The Policy Is Not Standardized
The workers’ compensation insurance coverage are managed by the individual states and areas business is located. Thus, there isn’t really a single rule that is followed when awarding damages. Thus, when your company expands to other states, it would be prudent to find out from your attorney how the law works in that area, and therefore you can adjust the policy accordingly.
Normally, damages sought for pain and suffering due to the neglect of the company as well as compensatory 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 workers at risk of injury just because such an insurance plan is in place.
Not All Businesses Apply
Not all companies need to have workers’ compensation insurance in place. For example, small businesses (particularly sole proprietorships and collaborations) won’t 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 staff members) if they wish.
Some states also do not require the business to have compensation insurance plan in place if the employees are exclusively paid on commission. Depending on the state, the law may treat uninsured professionals as employees in case they are injured 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. The majority of employers take measures to guarantee that their work environment is safe, but mishaps do happen, and incomes are lost as a result. Therefore, getting workers’ compensation insurance will safeguard both you and your employees in case of a mishap.