As an independent contractor in Nubieber, 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 Nubieber 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 Nubieber CA 96068 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 Nubieber will normally have at least a staff member or 2. Hence, 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 occurs to any of your workers.
Workers’ compensation insurance coverage in Nubieber CA is an insurance policy that supplies wage replacement and medical expenditures to your staff members in case they are injured. This policy is in exchange for compulsory forfeiture of their right to take legal action against the company for compensation.
Why This Policy Is Helpful
This policy serves to safeguard the company from punitive claims by their workers. Sometimes, the lawsuits can cause financial damages causing the business to become insolvent when the damages granted are too high for the employer to manage. Hence, this system of cumulative liability was adopted to resolve the concern.
The compensation plans in Nubieber vary among jurisdictions. However, in general terms, a form of disability insurance in the form of replacement of wages can be adopted. There will also be compensation for the economic loss for the hurt worker, payment or compensation of medical expenditures as well as benefits granted to the workers’ dependents in case of death.
As a business owner, you should understand why such an insurance plan is handy. Apart from saving you from suits that can damage your track record, it also prevents you from closing down due to high damages awarded to the hurt employee.
The Policy Is Not Standardized
The workers’ compensation insurance policies are managed by the individual states and areas business is located. Thus, there isn’t really a single guideline that is followed when awarding damages. Therefore, when your company expands to other states, it would be prudent to learn from your lawyer how the law works in that area, and therefore you can change the policy appropriately.
Usually, damages sought for pain and suffering due to the neglect of the employer in addition to 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 workers at risk of injury even if such an insurance plan is in place.
Not All Businesses Apply
Not all companies need to have workers’ compensation insurance in place. For example, 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 allow 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 staff members are exclusively paid on commission. Depending upon the state, the law may deal with uninsured professionals as workers in case they are injured 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. Many companies take measures to make sure 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 workers in the event of a mishap.