As an independent contractor in Lassen County, 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 Lassen County 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 Lassen County CA 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.
Understanding Workers’ Compensation Insurance and More
The majority of mid-sized businesses in Lassen County 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 workers.
Workers’ compensation insurance coverage in Lassen County CA is an insurance policy that provides wage replacement and medical expenditures to your employees in case they are injured. This policy is in exchange for necessary forfeiture of their right to sue the employer for compensation.
Why This Policy Is Helpful
This policy serves to safeguard the employer from punitive claims by their employees. In some cases, the claims can cause financial damages resulting in the business to become insolvent when the damages awarded are too high for the employer to manage. Thus, this system of cumulative liability was adopted to fix the issue.
The compensation plans in Lassen County vary among jurisdictions. However, in general terms, a form of disability insurance through replacement of incomes can be adopted. There will also be compensation for the economic loss for the injured employee, payment or reimbursement of medical expenditures as well as benefits awarded to the employees’ dependents in case of death.
As a company owner, you should understand why such an insurance plan comes in handy. Apart from saving you from claims that can damage your track record, it also prevents you from shutting down due to high damages awarded to the injured staff member.
The Policy Is Not Standardized
The workers’ compensation insurance plans are managed by the individual states and areas the business is located. Hence, there isn’t really 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 works in that location, and therefore you can change the policy accordingly.
Generally, 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. Hence, 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 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 companies (particularly sole proprietorships and partnerships) won’t require the insurance coverage unless they have employees 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 want.
Some states also do not require the business to have compensation insurance plan in place if the employees are exclusively paid on commission. Depending on the state, the law might treat uninsured professionals as workers 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. Many employers take measures to make sure that their work environment is safe, but mishaps do occur, and livelihoods are lost as a result. Thus, getting workers’ compensation insurance will safeguard both you and your workers in the event of an accident.
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