As an independent contractor in Oakland, 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 Oakland 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 Oakland CA 94601 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
Most mid-sized businesses in Oakland will normally have at least a staff member or 2. Thus, 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 employees.
Workers’ compensation insurance coverage in Oakland CA is an insurance policy that offers wage replacement and medical expenses to your staff members in case they are hurt. This policy is in exchange for mandatory relinquishment of their right to take legal action against the company for compensation.
Why This Policy Is Helpful
This policy serves to safeguard the employer from punitive suits by their workers. In some cases, the suits can cause monetary damages leading to the business to become insolvent when the damages granted are too high for the employer to pay for. Hence, this system of cumulative liability was adopted to resolve the problem.
The compensation strategies in Oakland differ amongst jurisdictions. Nevertheless, in general terms, a kind 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 expenses along with benefits granted to the employees’ dependents in case of death.
As a business owner, you should comprehend why such an insurance plan is handy. Apart from saving you from lawsuits that can damage your credibility, it also prevents you from shutting down due to high damages granted to the hurt worker.
The Policy Is Not Standardized
The workers’ compensation insurance plans are controlled by the individual states and territories business is located. Therefore, there isn’t a single rule that is followed when awarding damages. Thus, when your company expands to other states, it would be prudent to learn from your attorney how the law works in that area, and therefore you can adjust the policy appropriately.
Normally, damages sought for pain and suffering due to the negligence of the employer as well as compensatory damages for the company are not covered by the workers’ compensation plan. Therefore, 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 instance, small businesses (especially sole proprietorships and collaborations) will not require the insurance coverage unless they have workers who aren’t also owners. Sometimes, the state laws will enable the owners to get the compensation plan for themselves (as their own staff members) if they wish.
Some states also do not require the business to have compensation insurance plan in place if the workers are entirely paid on commission. Depending upon the state, the law might deal with uninsured specialists as employees 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. A lot of companies take measures to guarantee that their workplace is safe, but mishaps do happen, and livelihoods are lost as a result. Hence, getting workers’ compensation insurance will protect both you and your staff members in case of a mishap.