As an independent contractor in Los Angeles, 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 Angeles 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 Angeles CA 90001 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
Understanding Workers’ Compensation Insurance and More
Most mid-sized businesses in Los Angeles will generally have at least an employee or 2. Thus, 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 Angeles CA is an insurance policy that supplies wage replacement and medical expenditures to your staff members in case they are hurt. This policy is in exchange for mandatory relinquishment of their right to take legal action against the employer for compensation.
Why This Policy Is Practical
This policy serves to protect the company from punitive lawsuits by their staff members. Often, the suits can cause monetary damages causing the business to become insolvent when the damages awarded are too expensive for the employer to pay for. Thus, this system of collective liability was adopted to fix the issue.
The compensation strategies in Los Angeles differ among jurisdictions. Nevertheless, in general terms, a type of disability insurance in the form of replacement of earnings can be adopted. There will also be compensation for the economic loss for the injured worker, payment or repayment of medical costs in addition to benefits granted to the workers’ dependents in case of death.
As a company owner, you should understand why such an insurance plan comes in handy. Apart from saving you from claims that can damage your credibility, it also prevents you from closing down due to high damages awarded to the hurt staff member.
The Policy Is Not Standardized
The workers’ compensation insurance plans are controlled by the individual states and territories the business is located. Hence, there isn’t a single rule that is followed when granting damages. Hence, when your company expands to other states, it would be prudent to discover from your attorney how the law works in that location, and therefore you can change the policy appropriately.
Generally, damages sought for pain and suffering due to the carelessness of the employer as well as compensatory damages for the employer are not covered by the workers’ compensation plan. Thus, 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 even if 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 (particularly sole proprietorships and collaborations) won’t require the insurance coverage unless they have staff members who aren’t also owners. Often, the state laws will allow the owners to get the compensation plan for themselves (as their own employees) if they wish.
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 may treat uninsured contractors as workers in case they are hurt 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. Many companies take measures to make sure that their work environment is safe, but mishaps do occur, and incomes are lost as a result. Thus, getting workers’ compensation insurance will protect both you and your workers in case of an accident.