As an independent contractor in Modesto, 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 Modesto 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 Modesto CA 95350 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
Many mid-sized businesses in Modesto will usually have at least a staff member 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 happens to any of your workers.
Workers’ compensation insurance coverage in Modesto CA is an insurance policy that provides wage replacement and medical expenditures to your employees in case they are injured. 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 suits by their workers. In some cases, the claims can cause monetary damages resulting in the business to become insolvent when the damages granted are too expensive for the company to pay for. Thus, this system of collective liability was adopted to solve the problem.
The compensation plans in Modesto vary amongst jurisdictions. Nevertheless, in general terms, a form of disability insurance in the form of replacement of incomes can be adopted. There will also be compensation for the financial loss for the injured staff member, payment or reimbursement of medical costs along with benefits awarded to the workers’ dependents in case of death.
As an entrepreneur, you should understand why such an insurance coverage is handy. Apart from saving you from suits that can damage your credibility, it also prevents you from closing down due to high damages awarded to the hurt worker.
The Policy Is Not Standardized
The workers’ compensation insurance coverage are controlled by the individual states and areas business is located. Therefore, 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 appropriately.
Generally, damages sought for pain and suffering due to the neglect of the company as well as compensatory damages for the company are not covered by the workers’ compensation plan. Therefore, it would be prudent for the employer to make sure that none of their policies or operations directly put the workers 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 (particularly sole proprietorships and partnerships) won’t need 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 workers) if they wish.
Some states also don’t need the business to have compensation insurance plan in place if the staff members are entirely paid on commission. Depending on the state, the law might deal with uninsured contractors as workers in case they are hurt while working for you.
Getting the Plan
As a rule, if you have workers who aren’t owners, then it is a requirement to have such compensation insurance plans in place. Many employers take measures to guarantee that their workplace is safe, but accidents do happen, and livelihoods are lost as a result. Hence, getting workers’ compensation insurance will protect both you and your employees in the event of a mishap.