As an independent contractor in Los Altos, 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 Company Near Me In Los Altos 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 Altos CA 94022 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 Altos will generally have at least a worker or 2. Therefore, as a business 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 Los Altos CA is an insurance policy that provides wage replacement and medical expenses to your workers in case they are hurt. This policy is in exchange for compulsory relinquishment of their right to sue the employer for compensation.
Why This Policy Is Practical
This policy serves to safeguard the employer from punitive claims by their employees. Often, the claims can cause monetary damages resulting in the business to become insolvent when the damages granted are too high for the company to afford. Hence, this system of collective liability was adopted to fix the issue.
The compensation plans in Los Altos 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 financial loss for the hurt staff member, payment or repayment of medical expenses as well as benefits awarded to the workers’ dependents in case of death.
As an entrepreneur, 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 injured staff member.
The Policy Is Not Standardized
The workers’ compensation insurance coverage are controlled by the individual states and territories business is located. Hence, there isn’t really a single rule 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 operates in that location, and therefore you can change the policy appropriately.
Normally, damages sought for pain and suffering due to the carelessness of the company in addition to punitive damages for the employer are not covered by the workers’ compensation plan. Thus, 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 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 companies (specifically sole proprietorships and collaborations) will not require the insurance coverage unless they have employees who aren’t also owners. Sometimes, 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 workers are entirely paid on commission. Depending upon the state, the law might treat uninsured contractors as workers 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. Most companies take measures to guarantee that their work environment is safe, but mishaps do happen, and incomes are lost as a result. Hence, getting workers’ compensation insurance will safeguard both you and your workers in the event of a mishap.