As an independent contractor in Playa Del Rey, 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 Company Near Me In Playa Del Rey 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 Playa Del Rey CA 90293 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
Most mid-sized businesses in Playa Del Rey will usually have at least a worker or 2. 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 takes place to any of your employees.
Workers’ compensation insurance coverage in Playa Del Rey CA is an insurance policy that supplies wage replacement and medical costs to your staff members in case they are injured. This policy is in exchange for obligatory relinquishment of their right to take legal action against the employer for compensation.
Why This Policy Is Useful
This policy serves to safeguard the employer from punitive suits by their employees. In some cases, the claims can cause financial damages leading to the business to become insolvent when the damages granted are too expensive for the employer to pay for. Thus, this system of collective liability was adopted to solve the issue.
The compensation strategies in Playa Del Rey differ among jurisdictions. However, in general terms, a kind of disability insurance through replacement of wages can be adopted. There will also be compensation for the financial loss for the injured employee, payment or repayment of medical expenditures in addition to benefits granted to the staff members’ dependents in case of death.
As a company owner, you should understand why such an insurance plan is handy. Apart from saving you from claims that can damage your reputation, it also prevents you from shutting down due to high damages awarded to the hurt employee.
The Policy Is Not Standardized
The workers’ compensation insurance coverage are controlled by the individual states and areas business is located. Therefore, there isn’t really a single guideline that is followed when awarding damages. Hence, when your company expands to other states, it would be prudent to find out from your attorney how the law works in that location, and therefore you can change the policy appropriately.
Usually, damages sought for pain and suffering due to the neglect of the employer along with compensatory damages for the company 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 staff members at risk of injury just because such an insurance plan is in place.
Not All Businesses Apply
Not all companies have to have workers’ compensation insurance in place. For instance, small businesses (specifically sole proprietorships and partnerships) will not need 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 workers) if they want.
Some states also don’t need the business to have compensation insurance plan in place if the workers are solely paid on commission. Depending upon the state, the law may treat uninsured professionals as staff members 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. A lot of employers take measures to ensure that their work environment is safe, but mishaps do occur, and incomes are lost as a result. Thus, getting workers’ compensation insurance will protect both you and your employees in case of a mishap.