As an independent contractor in Likely, 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 Likely 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 Likely CA 96116 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
Many mid-sized businesses in Likely will typically have at least a staff member or more. 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 Likely CA is an insurance policy that provides wage replacement and medical expenses to your employees in case they are hurt. This policy is in exchange for mandatory forfeiture of their right to take legal action against the company for compensation.
Why This Policy Is Handy
This policy serves to safeguard the employer from punitive lawsuits by their workers. Sometimes, the suits can cause financial damages leading to the business to become insolvent when the damages awarded are too high for the employer to afford. Hence, this system of collective liability was adopted to fix the concern.
The compensation strategies in Likely differ among jurisdictions. Nevertheless, in general terms, a form of disability insurance in the form of replacement of incomes can be adopted. There will also be compensation for the economic loss for the hurt staff member, payment or repayment of medical expenses along with benefits awarded to the workers’ dependents in case of death.
As a company owner, you should understand why such an insurance policy is handy. Apart from saving you from suits that can damage your track record, it also prevents you from shutting 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 the business is located. Hence, there isn’t a single rule that is followed when granting damages. Therefore, when your company expands to other states, it would be prudent to find out from your attorney how the law works in that area, and therefore you can change the policy accordingly.
Normally, damages sought for pain and suffering due to the carelessness of the company as well as compensatory 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 need to have workers’ compensation insurance in place. For instance, small companies (especially sole proprietorships and partnerships) won’t need the insurance coverage unless they have employees who aren’t also owners. In some cases, 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 employees are solely paid on commission. Depending upon the state, the law may deal with uninsured contractors as employees 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 workplace is safe, but accidents do happen, and livelihoods are lost as a result. Thus, getting workers’ compensation insurance will protect both you and your employees in case of a mishap.