As an independent contractor in Orange Cove, 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 Experts Near Me In Orange Cove 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 Orange Cove CA 93646 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
Many mid-sized businesses in Orange Cove will typically have at least an employee or 2. 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 occurs to any of your staff members.
Workers’ compensation insurance coverage in Orange Cove CA is an insurance policy that supplies wage replacement and medical expenses to your staff members in case they are hurt. This policy is in exchange for obligatory forfeiture of their right to take legal action against the employer for compensation.
Why This Policy Is Valuable
This policy serves to protect the company from punitive lawsuits by their staff members. In some cases, the claims can cause financial damages resulting in the business to become insolvent when the damages awarded are too expensive for the employer to pay for. Hence, this system of collective liability was adopted to resolve the issue.
The compensation strategies in Orange Cove differ among jurisdictions. Nevertheless, in general terms, a form of disability insurance through replacement of wages can be adopted. There will also be compensation for the financial loss for the hurt worker, payment or reimbursement of medical costs along with benefits awarded to the staff members’ dependents in case of death.
As a business owner, you should understand why such an insurance policy 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 plans are managed by the individual states and areas the business is located. Therefore, there isn’t really a single rule that is followed when granting damages. Thus, when your company expands to other states, it would be prudent to learn from your attorney how the law works in that location, and therefore you can change the policy accordingly.
Typically, damages sought for pain and suffering due to the neglect of the employer along with punitive damages for the company are not covered by the workers’ compensation plan. Hence, 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 is in place.
Not All Businesses Apply
Not all companies need to have workers’ compensation insurance in place. For example, small companies (specifically sole proprietorships and collaborations) will not need 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 want.
Some states also do not require the business to have compensation insurance plan in place if the workers are exclusively paid on commission. Depending upon the state, the law may deal with uninsured professionals 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. The majority of companies take measures to make sure that their workplace is safe, but accidents do take place, and livelihoods are lost as a result. Therefore, getting workers’ compensation insurance will safeguard both you and your staff members in case of an accident.