As an independent contractor in Salinas, 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 Salinas 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 Salinas CA 93901 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
Most mid-sized businesses in Salinas will typically have at least a worker or 2. Hence, 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 takes place to any of your employees.
Workers’ compensation insurance coverage in Salinas CA is an insurance policy that offers wage replacement and medical costs to your workers in case they are hurt. This policy is in exchange for mandatory forfeiture of their right to take legal action against the employer for compensation.
Why This Policy Is Helpful
This policy serves to protect the company from punitive lawsuits by their workers. In some cases, the lawsuits can cause financial damages leading to the business to become insolvent when the damages awarded are too high for the company to afford. Hence, this system of cumulative liability was adopted to solve the concern.
The compensation plans in Salinas vary amongst jurisdictions. However, in general terms, a kind of disability insurance through replacement of incomes can be adopted. There will also be compensation for the financial loss for the hurt employee, payment or repayment of medical expenses in addition to benefits awarded to the employees’ dependents in case of death.
As a company owner, you should comprehend why such an insurance policy is handy. Apart from saving you from claims that can damage your track record, it also prevents you from closing down due to high damages awarded to the injured staff member.
The Policy Is Not Standardized
The workers’ compensation insurance coverage are controlled by the individual states and areas the business is located. Therefore, there isn’t really a single rule 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 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. 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 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 example, small businesses (especially sole proprietorships and collaborations) will not require the insurance coverage unless they have staff members who aren’t also owners. Often, 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 solely paid on commission. Depending on the state, the law may deal with uninsured specialists as employees 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 companies take measures to guarantee that their workplace is safe, but mishaps do occur, and livelihoods are lost as a result. Thus, getting workers’ compensation insurance will protect both you and your employees in case of an accident.