As an independent contractor in Pine Valley, 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 Pine Valley 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 Pine Valley CA 91962 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 Pine Valley will typically have at least an employee or 2. Hence, 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 happens to any of your workers.
Workers’ compensation insurance coverage in Pine Valley CA is an insurance policy that provides wage replacement and medical expenditures to your workers in case they are hurt. This policy is in exchange for obligatory relinquishment 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 employees. Often, the claims can cause monetary damages causing the business to become insolvent when the damages awarded are too expensive for the employer to manage. Hence, this system of cumulative liability was adopted to solve the concern.
The compensation strategies in Pine Valley differ among jurisdictions. Nevertheless, in general terms, a type of disability insurance in the form of 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 expenditures as well as benefits granted to the employees’ dependents in case of death.
As a company owner, you should comprehend why such an insurance policy is 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 injured staff member.
The Policy Is Not Standardized
The workers’ compensation insurance policies are controlled by the individual states and territories business is located. Hence, there isn’t a single guideline that is followed when awarding damages. Therefore, when your company expands to other states, it would be prudent to find out from your lawyer how the law operates in that area, and therefore you can change the policy appropriately.
Generally, damages sought for pain and suffering due to the negligence of the employer along with compensatory damages for the employer are not covered by the workers’ compensation plan. Therefore, it would be prudent for the company to make sure that none of their policies or operations directly put the employees at risk of injury even if such an insurance plan remains in place.
Not All Businesses Apply
Not all companies have to have workers’ compensation insurance in place. For example, small businesses (specifically sole proprietorships and partnerships) will not need the insurance coverage unless they have workers who aren’t also owners. In some cases, the state laws will permit the owners to get the compensation plan for themselves (as their own employees) if they wish.
Some states also don’t require the business to have compensation insurance plan in place if the employees are solely paid on commission. Depending on the state, the law might deal with uninsured professionals as employees in case they are hurt 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 companies take measures to make sure that their workplace is safe, but accidents 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.