As an independent contractor in Planada, 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 Planada 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 Planada CA 95365 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 Planada will generally have at least a staff member 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 occurs to any of your workers.
Workers’ compensation insurance coverage in Planada CA is an insurance policy that provides wage replacement and medical expenditures to your staff members in case they are injured. This policy is in exchange for compulsory relinquishment of their right to take legal action against the employer for compensation.
Why This Policy Is Helpful
This policy serves to protect the employer from punitive suits by their workers. Sometimes, the lawsuits can cause financial damages resulting in the business to become insolvent when the damages awarded are too high for the company to pay for. Thus, this system of collective liability was adopted to solve the problem.
The compensation strategies in Planada vary amongst jurisdictions. Nevertheless, in general terms, a kind 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 repayment of medical expenditures along with benefits awarded to the staff members’ dependents in case of death.
As a business owner, you should understand why such an insurance coverage is handy. Apart from saving you from lawsuits that can damage your reputation, it also prevents you from shutting down due to high damages granted to the injured worker.
The Policy Is Not Standardized
The workers’ compensation insurance policies are managed by the individual states and areas business is located. Thus, there isn’t really a single guideline that is followed when granting damages. Thus, when your company expands to other states, it would be prudent to learn from your attorney how the law works in that location, and therefore you can adjust the policy appropriately.
Normally, damages sought for pain and suffering due to the negligence of the company in addition to compensatory damages for the company are not covered by the workers’ compensation plan. Hence, it would be prudent for the employer 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 have to have workers’ compensation insurance in place. For instance, small companies (specifically sole proprietorships and collaborations) will not need the insurance coverage unless they have workers who aren’t also owners. Often, the state laws will enable the owners to get the compensation plan for themselves (as their own staff members) if they want.
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 contractors as staff members in case they are hurt 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. A lot of employers take measures to make sure that their workplace is safe, but mishaps do happen, and livelihoods are lost as a result. Therefore, getting workers’ compensation insurance will safeguard both you and your employees in the event of an accident.