As an independent contractor in Portola, 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 Portola 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 Portola CA 96122 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 Portola will normally have at least an employee or two. 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 happens to any of your employees.
Workers’ compensation insurance coverage in Portola CA is an insurance policy that offers wage replacement and medical expenses to your staff members in case they are hurt. This policy is in exchange for mandatory relinquishment of their right to sue the employer for compensation.
Why This Policy Is Helpful
This policy serves to safeguard the employer from punitive lawsuits by their workers. Sometimes, the lawsuits can cause monetary damages leading to the business to become insolvent when the damages granted are too expensive for the employer to afford. Hence, this system of cumulative liability was adopted to resolve the problem.
The compensation plans in Portola vary among jurisdictions. However, in general terms, a type 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 worker, payment or compensation of medical expenses along with benefits granted 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 suits that can damage your reputation, it also prevents you from closing down due to high damages granted to the injured staff member.
The Policy Is Not Standardized
The workers’ compensation insurance policies are regulated by the individual states and areas business is located. Hence, there isn’t a single guideline that is followed when awarding damages. Thus, when your company expands to other states, it would be prudent to discover from your lawyer how the law operates in that area, and therefore you can adjust the policy accordingly.
Usually, damages sought for pain and suffering due to the neglect of the company along with punitive 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 workers at risk of injury even if such an insurance plan remains in place.
Not All Businesses Apply
Not all companies need to have workers’ compensation insurance in place. For instance, small companies (especially sole proprietorships and partnerships) won’t require 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 workers) if they want.
Some states also do not require the business to have compensation insurance plan in place if the staff members are exclusively paid on commission. Depending upon the state, the law might deal with uninsured professionals as workers 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. Many companies take measures to ensure that their workplace is safe, but mishaps do happen, and livelihoods are lost as a result. Thus, getting workers’ compensation insurance will protect both you and your staff members in the event of an accident.