As an independent contractor in Kelseyville, 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 Company Near Me In Kelseyville 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 Kelseyville CA 95451 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 Kelseyville will normally have at least a staff member or two. 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 happens to any of your staff members.
Workers’ compensation insurance coverage in Kelseyville CA is an insurance policy that supplies wage replacement and medical costs to your employees in case they are injured. This policy is in exchange for compulsory forfeiture of their right to take legal action against the employer for compensation.
Why This Policy Is Handy
This policy serves to safeguard the employer from punitive suits by their workers. Often, the lawsuits 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 solve the concern.
The compensation strategies in Kelseyville differ amongst jurisdictions. Nevertheless, in general terms, a type of disability insurance through replacement of salaries can be adopted. There will also be compensation for the financial loss for the hurt employee, payment or reimbursement of medical costs in addition to benefits awarded to the workers’ 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 reputation, it also prevents you from closing down due to high damages awarded to the hurt employee.
The Policy Is Not Standardized
The workers’ compensation insurance plans are controlled by the individual states and territories business is located. Therefore, there isn’t really a single guideline that is followed when granting damages. Hence, when your company expands to other states, it would be prudent to discover from your lawyer how the law works in that area, and therefore you can change the policy appropriately.
Usually, damages sought for pain and suffering due to the negligence of the employer as well as punitive damages for the company are not covered by the workers’ compensation plan. Therefore, 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 businesses (specifically sole proprietorships and partnerships) won’t require the insurance coverage unless they have employees who aren’t also owners. Often, the state laws will permit the owners to get the compensation plan for themselves (as their own staff members) if they want.
Some states also don’t need the business to have compensation insurance plan in place if the workers are exclusively paid on commission. Depending upon the state, the law might deal with uninsured professionals as employees 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. Most employers take measures to ensure that their workplace is safe, but accidents do take place, and livelihoods are lost as a result. Therefore, getting workers’ compensation insurance will safeguard both you and your employees in case of a mishap.