As an independent contractor in Lemon Cove, 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 Lemon Cove 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 Lemon Cove CA 93244 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 Lemon Cove will typically have at least an employee or two. Hence, 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 happens to any of your staff members.
Workers’ compensation insurance coverage in Lemon Cove CA is an insurance policy that supplies wage replacement and medical expenditures to your employees in case they are hurt. This policy is in exchange for necessary forfeiture of their right to sue the company for compensation.
Why This Policy Is Handy
This policy serves to protect the company from punitive lawsuits by their employees. Sometimes, the lawsuits can cause monetary damages causing the business to become insolvent when the damages awarded are too high for the company to pay for. Therefore, this system of cumulative liability was adopted to resolve the problem.
The compensation strategies in Lemon Cove vary among jurisdictions. Nevertheless, in general terms, a kind of disability insurance in the form of replacement of wages can be adopted. There will also be compensation for the economic loss for the injured staff member, payment or repayment of medical costs as well as benefits awarded to the workers’ dependents in case of death.
As a company owner, you should comprehend why such an insurance coverage comes in handy. Apart from saving you from suits that can damage your track record, it also prevents you from shutting down due to high damages awarded to the hurt worker.
The Policy Is Not Standardized
The workers’ compensation insurance plans are regulated by the individual states and territories the business is located. Thus, 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 accordingly.
Typically, damages sought for pain and suffering due to the negligence of the company along with compensatory damages for the company are not covered by the workers’ compensation plan. Therefore, it would be prudent for the company to make sure that none of their policies or operations directly put the staff members 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 businesses (specifically sole proprietorships and collaborations) won’t need the insurance coverage unless they have workers who aren’t also owners. Sometimes, the state laws will allow the owners to get the compensation plan for themselves (as their own staff members) if they wish.
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 deal with uninsured contractors as workers 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. A lot of employers take measures to ensure that their work environment is safe, but accidents do occur, and livelihoods are lost as a result. Hence, getting workers’ compensation insurance will protect both you and your workers in the event of a mishap.