As an independent contractor in Running Springs, 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 Running Springs 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 Running Springs CA 92382 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
Understanding Workers’ Compensation Insurance and More
Many mid-sized businesses in Running Springs will generally have at least an employee or more. Thus, as a company 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 Running Springs CA is an insurance policy that supplies wage replacement and medical expenditures to your workers in case they are injured. This policy is in exchange for obligatory forfeiture of their right to sue the employer for compensation.
Why This Policy Is Practical
This policy serves to protect the employer from punitive suits by their employees. In some cases, the claims can cause financial damages causing the business to become insolvent when the damages awarded are too expensive for the company to afford. Therefore, this system of collective liability was adopted to resolve the issue.
The compensation plans in Running Springs differ among 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 economic loss for the injured worker, payment or repayment of medical costs in addition to benefits awarded to the employees’ dependents in case of death.
As an entrepreneur, you should understand why such an insurance policy is handy. Apart from saving you from claims that can damage your credibility, it also prevents you from closing down due to high damages granted to the injured employee.
The Policy Is Not Standardized
The workers’ compensation insurance coverage are controlled by the individual states and territories the business is located. Thus, there isn’t a single guideline that is followed when granting damages. Thus, when your company expands to other states, it would be prudent to find out from your attorney how the law works in that area, and therefore you can adjust the policy appropriately.
Usually, damages sought for pain and suffering due to the neglect of the employer in addition to compensatory damages for the employer are not covered by the workers’ compensation plan. Thus, it would be prudent for the company to make sure that none of their policies or operations directly put the employees at risk of injury even if such an insurance plan is in place.
Not All Businesses Apply
Not all companies need to have workers’ compensation insurance in place. For instance, small businesses (specifically 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 allow the owners to get the compensation plan for themselves (as their own staff members) if they want.
Some states also don’t need the business to have compensation insurance plan in place if the workers are exclusively paid on commission. Depending upon the state, the law might deal with uninsured contractors as workers 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. Many employers take measures to make sure that their workplace is safe, but accidents do take place, and livelihoods are lost as a result. Hence, getting workers’ compensation insurance will protect both you and your employees in case of a mishap.