As an independent contractor in Sacramento, 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 Sacramento 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 Sacramento CA 94203 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
A lot of mid-sized businesses in Sacramento will typically have at least an employee or two. Thus, 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 Sacramento CA is an insurance policy that offers wage replacement and medical expenses to your employees in case they are injured. This policy is in exchange for mandatory relinquishment of their right to sue the company for compensation.
Why This Policy Is Useful
This policy serves to safeguard the company from punitive claims by their employees. Sometimes, the suits can cause financial damages leading to the business to become insolvent when the damages awarded are too expensive for the employer to manage. Hence, this system of cumulative liability was adopted to solve the concern.
The compensation strategies in Sacramento differ among jurisdictions. However, in general terms, a type of disability insurance through replacement of earnings can be adopted. There will also be compensation for the economic loss for the hurt employee, payment or repayment of medical expenditures as well as benefits granted to the employees’ dependents in case of death.
As a company owner, you should understand why such an insurance plan comes in handy. Apart from saving you from claims that can damage your reputation, it also prevents you from closing down due to high damages awarded to the hurt staff member.
The Policy Is Not Standardized
The workers’ compensation insurance coverage are managed by the individual states and territories the business is located. Therefore, there isn’t really 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 attorney how the law operates in that location, and therefore you can adjust the policy appropriately.
Normally, damages sought for pain and suffering due to the negligence of the employer as well as compensatory damages for the company 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 workers at risk of injury just because 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 businesses (specifically sole proprietorships and collaborations) won’t require the insurance coverage unless they have workers who aren’t also owners. Sometimes, the state laws will allow the owners to get the compensation plan for themselves (as their own workers) if they wish.
Some states also don’t require the business to have compensation insurance plan in place if the workers are entirely paid on commission. Depending on the state, the law might deal with uninsured professionals 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. Many employers take measures to guarantee that their work environment is safe, but mishaps do occur, and livelihoods are lost as a result. Thus, getting workers’ compensation insurance will protect both you and your workers in case of an accident.