As an independent contractor in Phelan, 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 Phelan 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 Phelan CA 92329 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
A lot of mid-sized businesses in Phelan will generally have at least an employee or two. Hence, 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 happens to any of your employees.
Workers’ compensation insurance coverage in Phelan CA is an insurance policy that supplies wage replacement and medical expenses to your employees in case they are injured. This policy is in exchange for obligatory forfeiture of their right to take legal action against the company for compensation.
Why This Policy Is Helpful
This policy serves to protect the employer from punitive suits by their employees. Sometimes, the lawsuits can cause monetary damages leading to the business to become insolvent when the damages awarded are too expensive for the company to afford. Thus, this system of collective liability was adopted to resolve the issue.
The compensation strategies in Phelan vary amongst jurisdictions. Nevertheless, in general terms, a type of disability insurance through replacement of earnings can be adopted. There will also be compensation for the economic loss for the hurt staff member, payment or reimbursement of medical expenditures as well as benefits granted 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 suits that can damage your credibility, it also prevents you from shutting down due to high damages granted to the hurt employee.
The Policy Is Not Standardized
The workers’ compensation insurance plans are regulated by the individual states and areas the business is located. Therefore, there isn’t a single guideline that is followed when awarding damages. Thus, when your company expands to other states, it would be prudent to learn from your lawyer how the law works in that area, and therefore you can change the policy appropriately.
Generally, damages sought for pain and suffering due to the neglect of the employer as well as punitive damages for the employer 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 remains 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) won’t require 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 staff members) if they wish.
Some states also do not need the business to have compensation insurance plan in place if the employees are entirely paid on commission. Depending on the state, the law may treat uninsured specialists as staff members in case they are injured while working for you.
Getting the Plan
As a rule, if you have employees who aren’t owners, then it is a requirement to have such compensation insurance plans in place. Many employers take measures to guarantee that their work environment is safe, but mishaps do take place, and incomes are lost as a result. Therefore, getting workers’ compensation insurance will safeguard both you and your employees in case of an accident.