As an independent contractor in Kingsburg, 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 Specialists Near Me In Kingsburg 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 Kingsburg CA 93631 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 Kingsburg will normally have at least an employee 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 happens to any of your workers.
Workers’ compensation insurance coverage in Kingsburg CA is an insurance policy that offers wage replacement and medical expenditures to your workers in case they are hurt. This policy is in exchange for compulsory forfeiture of their right to take legal action against the company for compensation.
Why This Policy Is Useful
This policy serves to protect the company from punitive lawsuits by their staff members. In some cases, the suits can cause financial damages causing the business to become insolvent when the damages granted are too high for the employer to pay for. Therefore, this system of collective liability was adopted to solve the issue.
The compensation plans in Kingsburg differ among 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 injured worker, payment or repayment of medical expenses as well as 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 claims that can damage your reputation, it also prevents you from shutting down due to high damages awarded to the hurt employee.
The Policy Is Not Standardized
The workers’ compensation insurance policies are controlled by the individual states and territories business is located. Therefore, there isn’t really a single rule that is followed when granting damages. Thus, when your company expands to other states, it would be prudent to learn from your lawyer how the law operates in that location, and therefore you can change the policy accordingly.
Normally, damages sought for pain and suffering due to the negligence of the company as well as punitive damages for the company are not covered by the workers’ compensation plan. Thus, it would be prudent for the employer 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 need to have workers’ compensation insurance in place. For example, small companies (particularly sole proprietorships and collaborations) will not need the insurance coverage unless they have employees who aren’t also owners. In some cases, the state laws will enable the owners to get the compensation plan for themselves (as their own staff members) if they wish.
Some states also don’t require the business to have compensation insurance plan in place if the staff members are entirely paid on commission. Depending upon the state, the law may treat uninsured professionals 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. Many employers take measures to make sure that their work environment is safe, but accidents do happen, and livelihoods are lost as a result. Thus, getting workers’ compensation insurance will safeguard both you and your employees in the event of an accident.