As an independent contractor in Lee Vining, 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 Lee Vining 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 Lee Vining CA 93541 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
A lot of mid-sized businesses in Lee Vining will normally have at least a staff member or 2. Therefore, as a company 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 occurs to any of your employees.
Workers’ compensation insurance coverage in Lee Vining CA is an insurance policy that provides wage replacement and medical costs to your employees in case they are hurt. This policy is in exchange for necessary forfeiture 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 employees. Sometimes, the claims can cause financial damages resulting in the business to become insolvent when the damages granted are too high for the employer to manage. Therefore, this system of cumulative liability was adopted to solve the concern.
The compensation strategies in Lee Vining vary among jurisdictions. However, in general terms, a type of disability insurance through replacement of salaries can be adopted. There will also be compensation for the economic loss for the injured staff member, payment or reimbursement of medical expenditures in addition to benefits awarded to the workers’ dependents in case of death.
As a business owner, you should comprehend why such an insurance plan is handy. Apart from saving you from claims that can damage your reputation, it also prevents you from closing down due to high damages granted to the hurt staff member.
The Policy Is Not Standardized
The workers’ compensation insurance policies are managed by the individual states and areas business is located. Hence, there isn’t really 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 attorney how the law operates in that location, and therefore you can adjust the policy appropriately.
Usually, damages sought for pain and suffering due to the neglect of the company as well as compensatory damages for the company are not covered by the workers’ compensation plan. Therefore, 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 need to have workers’ compensation insurance in place. For instance, small businesses (particularly sole proprietorships and collaborations) won’t require the insurance coverage unless they have employees who aren’t also owners. Sometimes, the state laws will permit the owners to get the compensation plan for themselves (as their own workers) if they want.
Some states also don’t need the business to have compensation insurance plan in place if the staff members are exclusively paid on commission. Depending on the state, the law may deal with uninsured contractors as employees in case they are hurt while working for you.
Getting the Plan
As a rule, if you have staff members who aren’t owners, then it is a requirement to have such compensation insurance plans in place. Many companies take measures to guarantee that their workplace is safe, but accidents 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 a mishap.