As an independent contractor in Lomita, 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 Agency Near Me In Lomita 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 Lomita CA 90717 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 Lomita will usually have at least a staff member or two. 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 staff members.
Workers’ compensation insurance coverage in Lomita CA is an insurance policy that supplies wage replacement and medical costs to your workers 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 Practical
This policy serves to protect the company from punitive suits by their workers. In some cases, the claims can cause financial damages leading to the business to become insolvent when the damages awarded are too expensive for the employer to pay for. Therefore, this system of collective liability was adopted to solve the issue.
The compensation plans in Lomita 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 injured staff member, payment or compensation of medical expenditures in addition to benefits granted to the workers’ dependents in case of death.
As a business owner, you should comprehend why such an insurance coverage is handy. Apart from saving you from lawsuits that can damage your credibility, it also prevents you from closing down due to high damages granted to the hurt employee.
The Policy Is Not Standardized
The workers’ compensation insurance policies are controlled by the individual states and territories business is located. Hence, there isn’t a single rule that is followed when granting damages. Thus, 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 adjust the policy appropriately.
Generally, damages sought for pain and suffering due to the negligence of the employer in addition to compensatory damages for the employer 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 staff members 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 instance, small businesses (especially sole proprietorships and partnerships) won’t need the insurance coverage unless they have workers who aren’t also owners. Often, the state laws will permit the owners to get the compensation plan for themselves (as their own workers) if they want.
Some states also do not need the business to have compensation insurance plan in place if the staff members are entirely paid on commission. Depending upon the state, the law might deal with uninsured professionals as workers in case they are injured 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. The majority of employers take measures to ensure that their work environment is safe, but accidents do take place, and livelihoods are lost as a result. Therefore, getting workers’ compensation insurance will safeguard both you and your staff members in the event of an accident.