As an independent contractor in Placer County, 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 Placer County 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 Placer County CA 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.
Understanding Workers’ Compensation Insurance and More
Most mid-sized businesses in Placer County will typically have at least an employee or two. Therefore, 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 occurs to any of your workers.
Workers’ compensation insurance coverage in Placer County CA is an insurance policy that offers wage replacement and medical costs to your workers in case they are hurt. This policy is in exchange for necessary forfeiture of their right to take legal action against the company for compensation.
Why This Policy Is Useful
This policy serves to protect the employer from punitive lawsuits by their staff members. Sometimes, the suits can cause financial damages leading to the business to become insolvent when the damages granted are too expensive for the employer to pay for. Hence, this system of collective liability was adopted to fix the problem.
The compensation strategies in Placer County vary amongst jurisdictions. Nevertheless, in general terms, a form of disability insurance in the form of replacement of salaries can be adopted. There will also be compensation for the financial loss for the injured employee, payment or compensation of medical expenditures as well as benefits granted to the staff members’ dependents in case of death.
As a company owner, you should understand why such an insurance policy comes in handy. Apart from saving you from lawsuits that can damage your reputation, it also prevents you from shutting down due to high damages awarded to the injured staff member.
The Policy Is Not Standardized
The workers’ compensation insurance plans are controlled by the individual states and areas business is located. Hence, there isn’t really a single rule that is followed when granting damages. Thus, 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 adjust the policy appropriately.
Typically, damages sought for pain and suffering due to the negligence of the company as well as punitive 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) won’t require the insurance coverage unless they have workers who aren’t also owners. Sometimes, the state laws will permit the owners to get the compensation plan for themselves (as their own employees) if they wish.
Some states also do not require the business to have compensation insurance plan in place if the employees are entirely paid on commission. Depending upon the state, the law may treat uninsured professionals as staff members in case they are injured while working for you.
Getting the Plan
As a rule, if you have workers who aren’t owners, then it is a requirement to have such compensation insurance plans in place. The majority of companies take measures to ensure that their workplace is safe, but mishaps do happen, and livelihoods are lost as a result. Hence, getting workers’ compensation insurance will safeguard both you and your staff members in case of a mishap.
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