As an independent contractor in King City, 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 King City 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 King City CA 93930 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 King City will normally have at least an employee or more. Therefore, 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 occurs to any of your employees.
Workers’ compensation insurance coverage in King City CA is an insurance policy that offers wage replacement and medical expenses to your employees in case they are hurt. This policy is in exchange for necessary relinquishment of their right to take legal action against the company for compensation.
Why This Policy Is Helpful
This policy serves to safeguard the employer from punitive claims by their workers. Often, the suits can cause monetary damages causing the business to become insolvent when the damages granted are too expensive for the company to manage. Thus, this system of cumulative liability was adopted to solve the concern.
The compensation strategies in King City differ amongst jurisdictions. However, in general terms, a kind of disability insurance in the form of replacement of earnings can be adopted. There will also be compensation for the economic loss for the hurt employee, payment or compensation of medical expenses in addition to benefits granted to the staff members’ dependents in case of death.
As an entrepreneur, you should understand why such an insurance coverage is handy. Apart from saving you from claims that can damage your track record, it also prevents you from shutting down due to high damages awarded to the hurt worker.
The Policy Is Not Standardized
The workers’ compensation insurance plans are regulated by the individual states and areas the business is located. Hence, there isn’t a single guideline that is followed when awarding damages. Therefore, when your company expands to other states, it would be prudent to discover from your lawyer how the law operates in that location, and therefore you can adjust the policy appropriately.
Generally, damages sought for pain and suffering due to the negligence 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 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 instance, small businesses (specifically sole proprietorships and collaborations) will not need the insurance coverage unless they have workers who aren’t also owners. Often, the state laws will permit the owners to get the compensation plan for themselves (as their own employees) if they want.
Some states also do not need 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 treat uninsured specialists 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. A lot of companies take measures to guarantee that their workplace is safe, but mishaps do occur, and incomes are lost as a result. Hence, getting workers’ compensation insurance will safeguard both you and your staff members in case of an accident.