As an independent contractor in North Palm Springs, 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 North Palm Springs 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 North Palm Springs CA 92258 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
Comprehending Workers’ Compensation Insurance and More
A lot of mid-sized businesses in North Palm Springs will normally have at least an employee or two. Thus, as an entrepreneur, 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 North Palm Springs CA is an insurance policy that provides wage replacement and medical expenditures to your workers in case they are hurt. This policy is in exchange for necessary forfeiture of their right to take legal action against the employer for compensation.
Why This Policy Is Handy
This policy serves to safeguard the company from punitive lawsuits by their employees. Often, the claims can cause monetary damages leading to the business to become insolvent when the damages granted are too high for the employer to afford. Therefore, this system of collective liability was adopted to resolve the issue.
The compensation strategies in North Palm Springs vary amongst jurisdictions. Nevertheless, in general terms, a form of disability insurance in the form of replacement of salaries can be adopted. There will also be compensation for the financial loss for the injured employee, payment or reimbursement of medical expenditures along with benefits awarded to the staff members’ dependents in case of death.
As a company owner, you should understand why such an insurance coverage is handy. Apart from saving you from lawsuits that can damage your reputation, it also prevents you from shutting down due to high damages awarded to the injured worker.
The Policy Is Not Standardized
The workers’ compensation insurance coverage are managed by the individual states and areas the business is located. Hence, there isn’t a single guideline that is followed when granting damages. Hence, when your company expands to other states, it would be prudent to learn from your attorney how the law operates in that area, and therefore you can adjust the policy accordingly.
Normally, damages sought for pain and suffering due to the neglect of the company in addition to compensatory damages for the employer 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 employees 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 (especially sole proprietorships and partnerships) will not 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 need the business to have compensation insurance plan in place if the staff members are solely paid on commission. Depending upon the state, the law might treat uninsured professionals as workers 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. Most employers take measures to guarantee that their workplace is safe, but accidents do happen, and livelihoods are lost as a result. Therefore, getting workers’ compensation insurance will protect both you and your staff members in the event of a mishap.