As an independent contractor in Marysville, 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 Marysville 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 Marysville CA 95901 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 Marysville will generally have at least an employee or more. Hence, 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 workers.
Workers’ compensation insurance coverage in Marysville CA is an insurance policy that provides wage replacement and medical costs to your employees in case they are injured. 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 protect the company from punitive suits by their employees. Sometimes, the claims can cause financial damages leading to the business to become insolvent when the damages awarded are too high for the employer to manage. Thus, this system of collective liability was adopted to resolve the problem.
The compensation strategies in Marysville differ among jurisdictions. Nevertheless, in general terms, a kind of disability insurance through replacement of salaries can be adopted. There will also be compensation for the financial loss for the injured worker, payment or reimbursement of medical expenses in addition to benefits granted to the employees’ dependents in case of death.
As an entrepreneur, you should understand why such an insurance plan is handy. Apart from saving you from claims that can damage your reputation, 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 coverage are controlled by the individual states and territories business is located. Thus, there isn’t really a single guideline that is followed when granting damages. Therefore, when your company expands to other states, it would be prudent to find out from your lawyer how the law works in that area, and therefore you can change the policy appropriately.
Normally, damages sought for pain and suffering due to the negligence of the employer as well as punitive damages for the company are not covered by the workers’ compensation plan. Hence, 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 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 example, small companies (particularly sole proprietorships and partnerships) will not require the insurance coverage unless they have employees who aren’t also owners. Often, the state laws will enable the owners to get the compensation plan for themselves (as their own employees) if they want.
Some states also don’t require the business to have compensation insurance plan in place if the workers are solely paid on commission. Depending on the state, the law might 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 guarantee that their workplace is safe, but mishaps do take place, and livelihoods are lost as a result. Therefore, getting workers’ compensation insurance will safeguard both you and your employees in case of a mishap.