As an independent contractor in Orangevale, 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 Orangevale 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 Orangevale CA 95662 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 Orangevale will typically have at least a worker or two. Hence, 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 takes place to any of your employees.
Workers’ compensation insurance coverage in Orangevale CA is an insurance policy that offers wage replacement and medical expenses to your employees in case they are hurt. This policy is in exchange for obligatory forfeiture of their right to sue the employer for compensation.
Why This Policy Is Valuable
This policy serves to safeguard the employer from punitive suits by their staff members. Sometimes, the lawsuits can cause monetary damages causing the business to become insolvent when the damages awarded are too high for the employer to afford. Hence, this system of cumulative liability was adopted to solve the problem.
The compensation strategies in Orangevale vary amongst jurisdictions. However, in general terms, a form of disability insurance in the form of replacement of incomes can be adopted. There will also be compensation for the financial loss for the hurt worker, payment or reimbursement of medical expenditures as well as benefits awarded to the employees’ dependents in case of death.
As an entrepreneur, you should understand why such an insurance coverage comes in handy. Apart from saving you from claims that can damage your reputation, it also prevents you from closing down due to high damages granted to the hurt employee.
The Policy Is Not Standardized
The workers’ compensation insurance coverage are regulated by the individual states and territories the business is located. Therefore, there isn’t really a single rule that is followed when awarding 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 change the policy appropriately.
Typically, damages sought for pain and suffering due to the negligence of the employer 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 staff members 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 businesses (especially sole proprietorships and partnerships) won’t 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 workers) if they want.
Some states also don’t require the business to have compensation insurance plan in place if the staff members are entirely paid on commission. Depending on the state, the law may 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. A lot of companies take measures to ensure that their workplace is safe, but mishaps do occur, and livelihoods are lost as a result. Thus, getting workers’ compensation insurance will safeguard both you and your employees in case of an accident.