As an independent contractor in La Crescenta, 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 La Crescenta 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 La Crescenta CA 91214 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
Understanding Workers’ Compensation Insurance and More
The majority of mid-sized businesses in La Crescenta will generally have at least an employee or more. 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 occurs to any of your employees.
Workers’ compensation insurance coverage in La Crescenta CA is an insurance policy that offers wage replacement and medical expenses to your workers in case they are injured. This policy is in exchange for mandatory relinquishment of their right to take legal action against the employer for compensation.
Why This Policy Is Handy
This policy serves to protect the company from punitive suits by their workers. Often, the suits can cause monetary damages leading to the business to become insolvent when the damages awarded are too high for the employer to afford. Hence, this system of cumulative liability was adopted to fix the problem.
The compensation plans in La Crescenta differ among jurisdictions. Nevertheless, in general terms, a kind of disability insurance through replacement of wages can be adopted. There will also be compensation for the financial loss for the injured staff member, payment or reimbursement of medical expenses along with benefits awarded to the employees’ dependents in case of death.
As an entrepreneur, you should understand why such an insurance plan comes in handy. Apart from saving you from lawsuits that can damage your credibility, it also prevents you from shutting down due to high damages granted to the injured staff member.
The Policy Is Not Standardized
The workers’ compensation insurance policies are managed by the individual states and territories business is located. Thus, there isn’t 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.
Generally, damages sought for pain and suffering due to the carelessness of the company as well as punitive damages for the company are not covered by the workers’ compensation plan. Therefore, it would be prudent for the company to make sure that none of their policies or operations directly put the staff members at risk of injury just because such an insurance plan remains in place.
Not All Businesses Apply
Not all companies have to have workers’ compensation insurance in place. For example, small businesses (particularly sole proprietorships and partnerships) will not need the insurance coverage unless they have employees who aren’t also owners. Sometimes, the state laws will allow the owners to get the compensation plan for themselves (as their own employees) if they want.
Some states also don’t need the business to have compensation insurance plan in place if the employees are entirely paid on commission. Depending on the state, the law may deal with uninsured contractors 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 make sure that their work environment is safe, but mishaps do happen, and incomes are lost as a result. Hence, getting workers’ compensation insurance will protect both you and your workers in the event of a mishap.