As an independent contractor in Pacifica, 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 Specialists Near Me In Pacifica 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 Pacifica CA 94044 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 Pacifica will usually have at least an employee or two. Therefore, 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 takes place to any of your employees.
Workers’ compensation insurance coverage in Pacifica CA is an insurance policy that offers wage replacement and medical costs to your workers in case they are injured. This policy is in exchange for mandatory forfeiture of their right to sue the employer for compensation.
Why This Policy Is Valuable
This policy serves to protect the employer from punitive lawsuits by their workers. Often, the claims can cause financial damages resulting in the business to become insolvent when the damages granted are too high for the company to afford. Thus, this system of cumulative liability was adopted to solve the concern.
The compensation strategies in Pacifica differ amongst jurisdictions. Nevertheless, in general terms, a type of disability insurance through replacement of wages can be adopted. There will also be compensation for the financial loss for the injured worker, payment or compensation of medical expenses along with benefits granted to the employees’ dependents in case of death.
As an entrepreneur, you should comprehend why such an insurance coverage comes in handy. Apart from saving you from claims that can damage your credibility, it also prevents you from shutting down due to high damages awarded to the injured worker.
The Policy Is Not Standardized
The workers’ compensation insurance plans are controlled by the individual states and territories the business is located. Hence, there isn’t a single rule that is followed when awarding damages. Hence, when your company expands to other states, it would be prudent to find out from your lawyer how the law operates in that location, and therefore you can change the policy accordingly.
Usually, damages sought for pain and suffering due to the carelessness of the employer along with punitive damages for the company are not covered by the workers’ compensation plan. Thus, it would be prudent for the company 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 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) won’t need the insurance coverage unless they have staff members who aren’t also owners. Sometimes, the state laws will allow the owners to get the compensation plan for themselves (as their own employees) if they want.
Some states also do not require the business to have compensation insurance plan in place if the staff members are solely paid on commission. Depending on the state, the law might deal with uninsured contractors as employees 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. The majority of employers take measures to ensure that their work environment is safe, but accidents do occur, and livelihoods are lost as a result. Thus, getting workers’ compensation insurance will protect both you and your workers in case of a mishap.