As an independent contractor in Rough And Ready, 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 Rough And Ready 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 Rough And Ready CA 95975 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 Rough And Ready will normally have at least a worker 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 happens to any of your workers.
Workers’ compensation insurance coverage in Rough And Ready CA is an insurance policy that offers wage replacement and medical costs to your employees in case they are injured. This policy is in exchange for obligatory forfeiture of their right to take legal action against the employer for compensation.
Why This Policy Is Practical
This policy serves to protect the company from punitive lawsuits by their staff members. In some cases, the lawsuits can cause financial damages leading to the business to become insolvent when the damages awarded are too expensive for the employer to afford. Therefore, this system of collective liability was adopted to fix the problem.
The compensation strategies in Rough And Ready differ amongst jurisdictions. However, in general terms, a kind of disability insurance through replacement of wages can be adopted. There will also be compensation for the economic loss for the hurt staff member, payment or reimbursement of medical expenditures as well as benefits awarded to the workers’ dependents in case of death.
As a business owner, you should comprehend why such an insurance plan is handy. Apart from saving you from suits that can damage your reputation, it also prevents you from shutting down due to high damages granted to the hurt worker.
The Policy Is Not Standardized
The workers’ compensation insurance plans are controlled by the individual states and areas the business is located. Thus, there isn’t really a single guideline that is followed when awarding damages. Therefore, 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 change the policy appropriately.
Typically, damages sought for pain and suffering due to the negligence of the company in addition to punitive damages for the employer 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 employees 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 example, small companies (especially sole proprietorships and partnerships) won’t need the insurance coverage unless they have employees who aren’t also owners. In some cases, the state laws will allow the owners to get the compensation plan for themselves (as their own staff members) if they wish.
Some states also don’t require the business to have compensation insurance plan in place if the employees are entirely paid on commission. Depending on the state, the law might treat uninsured professionals as staff members in case they are hurt 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. A lot of employers take measures to ensure that their work environment is safe, but accidents do take place, and incomes are lost as a result. Hence, getting workers’ compensation insurance will protect both you and your employees in the event of a mishap.