As an independent contractor in La Grange, 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 Grange 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 Grange CA 95329 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
A lot of mid-sized businesses in La Grange will generally have at least an employee or two. Hence, 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 takes place to any of your employees.
Workers’ compensation insurance coverage in La Grange CA is an insurance policy that supplies wage replacement and medical expenses to your employees in case they are hurt. This policy is in exchange for compulsory forfeiture of their right to take legal action against the employer for compensation.
Why This Policy Is Practical
This policy serves to safeguard the employer from punitive claims by their staff members. Sometimes, the suits can cause monetary damages resulting in 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 resolve the problem.
The compensation plans in La Grange differ among jurisdictions. However, in general terms, a kind of disability insurance in the form of replacement of salaries can be adopted. There will also be compensation for the financial loss for the hurt employee, payment or compensation of medical expenditures as well as benefits awarded to the workers’ dependents in case of death.
As a business owner, you should comprehend why such an insurance coverage is handy. Apart from saving you from claims that can damage your credibility, it also prevents you from shutting down due to high damages awarded to the injured worker.
The Policy Is Not Standardized
The workers’ compensation insurance plans are regulated by the individual states and territories business is located. Therefore, there isn’t a single rule that is followed when granting damages. Hence, when your company expands to other states, it would be prudent to learn from your lawyer how the law works in that location, and therefore you can change the policy appropriately.
Normally, damages sought for pain and suffering due to the carelessness of the employer 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 workers 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 instance, small businesses (especially sole proprietorships and collaborations) will not require the insurance coverage unless they have workers who aren’t also owners. In some cases, 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 entirely paid on commission. Depending on the state, the law may treat uninsured contractors as workers 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. Many companies take measures to ensure that their workplace is safe, but mishaps do occur, and livelihoods are lost as a result. Hence, getting workers’ compensation insurance will safeguard both you and your employees in case of an accident.