As an independent contractor in Little Lake, 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 Little Lake 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 Little Lake CA 93542 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 Little Lake will typically have at least an employee or more. Hence, 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 happens to any of your employees.
Workers’ compensation insurance coverage in Little Lake CA is an insurance policy that offers wage replacement and medical expenditures to your staff members in case they are hurt. This policy is in exchange for obligatory forfeiture of their right to take legal action against the employer for compensation.
Why This Policy Is Handy
This policy serves to safeguard the company from punitive claims by their staff members. In some cases, the claims can cause financial damages causing the business to become insolvent when the damages awarded are too expensive for the employer to pay for. Therefore, this system of cumulative liability was adopted to solve the problem.
The compensation plans in Little Lake differ amongst jurisdictions. However, in general terms, a form of disability insurance through replacement of salaries can be adopted. There will also be compensation for the economic loss for the hurt worker, payment or repayment of medical expenses in addition to benefits awarded to the staff members’ dependents in case of death.
As an entrepreneur, you should comprehend why such an insurance policy is handy. Apart from saving you from lawsuits that can damage your track record, it also prevents you from closing down due to high damages awarded to the injured employee.
The Policy Is Not Standardized
The workers’ compensation insurance coverage are managed by the individual states and territories business is located. Thus, there isn’t a single guideline that is followed when granting damages. Thus, when your company expands to other states, it would be prudent to discover 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 neglect of the employer in addition to 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 employees 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 example, small companies (especially sole proprietorships and collaborations) won’t need the insurance coverage unless they have staff members 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 wish.
Some states also do not need the business to have compensation insurance plan in place if the workers are exclusively paid on commission. Depending on the state, the law may deal with uninsured specialists as staff members 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. The majority of employers take measures to make sure that their work environment is safe, but mishaps do occur, and incomes are lost as a result. Hence, getting workers’ compensation insurance will protect both you and your staff members in the event of an accident.