As an independent contractor in Los Alamos, 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 Los Alamos 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 Los Alamos CA 93440 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
Most mid-sized businesses in Los Alamos will normally have at least an employee or two. Therefore, 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 workers.
Workers’ compensation insurance coverage in Los Alamos CA is an insurance policy that supplies wage replacement and medical expenses to your workers 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 Practical
This policy serves to safeguard the company from punitive claims by their workers. Sometimes, the lawsuits can cause monetary damages causing the business to become insolvent when the damages granted are too high for the employer to afford. Hence, this system of cumulative liability was adopted to solve the problem.
The compensation plans in Los Alamos vary among jurisdictions. Nevertheless, in general terms, a form of disability insurance through replacement of wages can be adopted. There will also be compensation for the economic loss for the injured employee, payment or reimbursement of medical expenditures in addition to benefits granted to the workers’ dependents in case of death.
As an entrepreneur, you should comprehend 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 injured worker.
The Policy Is Not Standardized
The workers’ compensation insurance plans 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 find out from your attorney how the law operates in that location, and therefore you can change the policy accordingly.
Normally, damages sought for pain and suffering due to the carelessness of the employer along with punitive 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 employees 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 (specifically sole proprietorships and collaborations) will not 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 employees) if they want.
Some states also do not require the business to have compensation insurance plan in place if the staff members are exclusively paid on commission. Depending upon the state, the law might treat uninsured contractors 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. A lot of companies take measures to ensure that their workplace is safe, but mishaps do take place, and livelihoods are lost as a result. Therefore, getting workers’ compensation insurance will protect both you and your staff members in case of an accident.