As an independent contractor in La Quinta, 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 Experts Near Me In La Quinta 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 Quinta CA 92247 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 La Quinta will typically have at least a worker or two. Thus, 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 workers.
Workers’ compensation insurance coverage in La Quinta CA is an insurance policy that provides 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 Valuable
This policy serves to protect the employer from punitive lawsuits by their staff members. In some cases, the lawsuits can cause monetary damages leading to the business to become insolvent when the damages awarded are too high for the company to pay for. Hence, this system of collective liability was adopted to solve the problem.
The compensation strategies in La Quinta differ among jurisdictions. Nevertheless, in general terms, a type of disability insurance through replacement of earnings can be adopted. There will also be compensation for the financial loss for the hurt staff member, payment or reimbursement of medical expenditures in addition to benefits awarded to the workers’ dependents in case of death.
As an entrepreneur, you should comprehend why such an insurance policy comes in handy. Apart from saving you from lawsuits that can damage your track record, it also prevents you from shutting down due to high damages granted to the hurt employee.
The Policy Is Not Standardized
The workers’ compensation insurance coverage are regulated by the individual states and territories the business is located. Hence, there isn’t really a single rule 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 works in that area, and therefore you can change the policy accordingly.
Typically, damages sought for pain and suffering due to the carelessness of the company in addition to 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 is in place.
Not All Businesses Apply
Not all companies have to have workers’ compensation insurance in place. For example, small businesses (specifically sole proprietorships and collaborations) won’t require the insurance coverage unless they have workers who aren’t also owners. Often, the state laws will allow the owners to get the compensation plan for themselves (as their own workers) if they wish.
Some states also do not require the business to have compensation insurance plan in place if the workers are entirely paid on commission. Depending on the state, the law might treat uninsured contractors as employees 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 employers take measures to guarantee that their work environment is safe, but mishaps do happen, and livelihoods are lost as a result. Therefore, getting workers’ compensation insurance will protect both you and your employees in the event of a mishap.