As an independent contractor in Ojai, 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 Ojai 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 Ojai CA 93023 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
The majority of mid-sized businesses in Ojai will usually have at least a staff member or more. 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 occurs to any of your employees.
Workers’ compensation insurance coverage in Ojai CA is an insurance policy that offers wage replacement and medical expenses to your workers 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 Handy
This policy serves to safeguard the company from punitive lawsuits by their staff members. In some cases, the suits can cause financial damages resulting in the business to become insolvent when the damages awarded are too high for the company to pay for. Hence, this system of cumulative liability was adopted to fix the concern.
The compensation strategies in Ojai vary amongst jurisdictions. However, 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 financial loss for the injured employee, payment or compensation of medical costs as well as benefits awarded to the staff members’ dependents in case of death.
As a business owner, you should understand why such an insurance policy comes in handy. Apart from saving you from claims that can damage your credibility, it also prevents you from closing down due to high damages granted to the hurt staff member.
The Policy Is Not Standardized
The workers’ compensation insurance plans are controlled by the individual states and territories the business is located. Therefore, there isn’t really a single rule that is followed when awarding damages. Therefore, when your company expands to other states, it would be prudent to find out from your attorney how the law operates in that area, and therefore you can adjust the policy appropriately.
Typically, damages sought for pain and suffering due to the carelessness of the company as well as punitive 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 companies (especially sole proprietorships and partnerships) won’t require the insurance coverage unless they have staff members who aren’t also owners. Sometimes, the state laws will enable 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 employees are solely paid on commission. Depending on the state, the law might treat uninsured contractors as workers in case they are hurt 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. The majority of employers take measures to guarantee that their work environment is safe, but mishaps do occur, and incomes are lost as a result. Thus, getting workers’ compensation insurance will protect both you and your staff members in the event of an accident.