As an independent contractor in Piedmont, 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 Piedmont 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 Piedmont CA 94620 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 Piedmont will normally have at least a staff member or 2. 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 happens to any of your staff members.
Workers’ compensation insurance coverage in Piedmont CA is an insurance policy that supplies wage replacement and medical expenditures to your employees in case they are injured. This policy is in exchange for compulsory relinquishment of their right to take legal action against the company for compensation.
Why This Policy Is Practical
This policy serves to safeguard the employer from punitive lawsuits by their employees. In some cases, the claims can cause financial damages causing the business to become insolvent when the damages awarded are too high for the company to afford. Therefore, this system of cumulative liability was adopted to solve the issue.
The compensation strategies in Piedmont vary amongst jurisdictions. However, in general terms, a type of disability insurance through replacement of incomes can be adopted. There will also be compensation for the economic loss for the injured staff member, payment or reimbursement of medical costs as well as benefits awarded 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 lawsuits that can damage your credibility, 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 policies are controlled by the individual states and territories business is located. Thus, 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 works in that location, and therefore you can change the policy appropriately.
Normally, damages sought for pain and suffering due to the negligence of the company as well as compensatory damages for the company are not covered by the workers’ compensation plan. Thus, 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 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 partnerships) will not need the insurance coverage unless they have workers who aren’t also owners. Often, the state laws will permit 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 exclusively paid on commission. Depending on the state, the law may deal with uninsured specialists as staff members 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. A lot of employers take measures to ensure that their workplace is safe, but accidents do take place, and incomes are lost as a result. Therefore, getting workers’ compensation insurance will protect both you and your staff members in the event of a mishap.