As an independent contractor in Mission Viejo, 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 Mission Viejo 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 Mission Viejo CA 92690 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
A lot of mid-sized businesses in Mission Viejo will generally have at least an employee or two. 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 happens to any of your staff members.
Workers’ compensation insurance coverage in Mission Viejo CA is an insurance policy that supplies wage replacement and medical expenditures to your employees in case they are injured. This policy is in exchange for mandatory relinquishment of their right to take legal action against the employer for compensation.
Why This Policy Is Helpful
This policy serves to safeguard the employer from punitive suits by their workers. Sometimes, the suits can cause financial damages causing the business to become insolvent when the damages granted are too high for the company to pay for. Thus, this system of cumulative liability was adopted to solve the concern.
The compensation strategies in Mission Viejo vary amongst jurisdictions. However, in general terms, a form of disability insurance through replacement of incomes can be adopted. There will also be compensation for the financial loss for the hurt staff member, payment or compensation of medical expenditures in addition to benefits awarded 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 claims that can damage your credibility, it also prevents you from closing down due to high damages awarded to the injured employee.
The Policy Is Not Standardized
The workers’ compensation insurance policies are regulated by the individual states and territories the business is located. Hence, there isn’t a single guideline that is followed when awarding damages. Therefore, when your company expands to other states, it would be prudent to discover from your lawyer how the law operates in that area, and therefore you can change the policy appropriately.
Usually, damages sought for pain and suffering due to the carelessness of the employer in addition to punitive damages for the company 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 employees at risk of injury even if such an insurance plan is in place.
Not All Businesses Apply
Not all companies have to have workers’ compensation insurance in place. For example, small businesses (especially sole proprietorships and collaborations) won’t require the insurance coverage unless they have employees who aren’t also owners. In some cases, the state laws will enable the owners to get the compensation plan for themselves (as their own workers) if they wish.
Some states also do not require the business to have compensation insurance plan in place if the employees are entirely paid on commission. Depending on the state, the law may 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 staff members who aren’t owners, then it is a requirement to have such compensation insurance plans in place. A lot of employers take measures to guarantee that their work environment is safe, but accidents do take place, and livelihoods are lost as a result. Thus, getting workers’ compensation insurance will protect both you and your employees in case of an accident.