As an independent contractor in Murrieta, 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 Murrieta 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 Murrieta CA 92562 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 Murrieta will usually have at least an employee 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 happens to any of your employees.
Workers’ compensation insurance coverage in Murrieta CA is an insurance policy that supplies wage replacement and medical costs to your workers in case they are hurt. This policy is in exchange for compulsory forfeiture of their right to sue the company for compensation.
Why This Policy Is Practical
This policy serves to protect the employer from punitive lawsuits by their employees. In some cases, the lawsuits can cause monetary damages leading to the business to become insolvent when the damages granted are too expensive for the company to manage. Thus, this system of cumulative liability was adopted to solve the issue.
The compensation strategies in Murrieta differ among jurisdictions. However, in general terms, a kind of disability insurance in the form of replacement of salaries can be adopted. There will also be compensation for the economic loss for the injured employee, payment or compensation of medical expenditures in addition to benefits awarded to the workers’ dependents in case of death.
As a company owner, you should understand why such an insurance coverage comes in handy. Apart from saving you from claims that can damage your track record, it also prevents you from closing down due to high damages granted to the injured worker.
The Policy Is Not Standardized
The workers’ compensation insurance plans are regulated by the individual states and territories business is located. Hence, 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 discover from your lawyer how the law works in that area, and therefore you can adjust the policy accordingly.
Generally, damages sought for pain and suffering due to the neglect of the employer in addition to 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 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 (especially sole proprietorships and partnerships) will not 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 want.
Some states also do not need the business to have compensation insurance plan in place if the employees are exclusively paid on commission. Depending on the state, the law may deal with uninsured contractors as workers in case they are injured 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. The majority of employers take measures to ensure that their work environment is safe, but mishaps do occur, and incomes are lost as a result. Therefore, getting workers’ compensation insurance will protect both you and your staff members in case of a mishap.