As an independent contractor in La Puente, 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 La Puente 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 Puente CA 91744 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 Puente 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 takes place to any of your staff members.
Workers’ compensation insurance coverage in La Puente CA is an insurance policy that supplies wage replacement and medical costs to your employees in case they are hurt. This policy is in exchange for obligatory forfeiture of their right to sue the company for compensation.
Why This Policy Is Helpful
This policy serves to safeguard the employer from punitive claims by their staff members. In some cases, the claims can cause financial damages leading to the business to become insolvent when the damages granted are too high for the company to afford. Hence, this system of collective liability was adopted to resolve the concern.
The compensation strategies in La Puente vary amongst jurisdictions. Nevertheless, in general terms, a type of disability insurance through replacement of wages can be adopted. There will also be compensation for the economic loss for the injured worker, payment or reimbursement of medical expenses along with benefits granted to the staff members’ dependents in case of death.
As an entrepreneur, you should understand why such an insurance policy is handy. Apart from saving you from lawsuits 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 coverage are controlled by the individual states and territories business is located. Hence, there isn’t a single guideline that is followed when awarding damages. Thus, when your company expands to other states, it would be prudent to find out 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 employer in addition to punitive damages for the company are not covered by the workers’ compensation plan. Hence, it would be prudent for the company to make sure that none of their policies or operations directly put the employees at risk of injury even if such an insurance plan is in place.
Not All Businesses Apply
Not all companies need to have workers’ compensation insurance in place. For example, small companies (especially sole proprietorships and partnerships) won’t require the insurance coverage unless they have staff members 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 wish.
Some states also don’t require the business to have compensation insurance plan in place if the workers are exclusively paid on commission. Depending upon the state, the law may deal with uninsured specialists as workers in case they are injured while working for you.
Getting the Plan
As a rule, if you have workers who aren’t owners, then it is a requirement to have such compensation insurance plans in place. A lot of companies take measures to ensure that their work environment is safe, but accidents do happen, and livelihoods are lost as a result. Therefore, getting workers’ compensation insurance will safeguard both you and your workers in the event of an accident.