As an independent contractor in San Jacinto, 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 Company Near Me In San Jacinto 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 San Jacinto CA 92581 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 San Jacinto will generally have at least a staff member or 2. 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 San Jacinto CA is an insurance policy that supplies wage replacement and medical costs to your employees in case they are hurt. This policy is in exchange for compulsory relinquishment of their right to sue the company for compensation.
Why This Policy Is Handy
This policy serves to protect the employer from punitive lawsuits by their staff members. In some cases, the claims can cause financial damages leading to the business to become insolvent when the damages granted are too high for the company to pay for. Hence, this system of cumulative liability was adopted to solve the concern.
The compensation plans in San Jacinto vary among jurisdictions. However, in general terms, a type of disability insurance in the form of replacement of wages can be adopted. There will also be compensation for the financial loss for the hurt employee, payment or compensation of medical expenditures along with benefits granted to the workers’ dependents in case of death.
As an entrepreneur, you should understand why such an insurance coverage is handy. Apart from saving you from lawsuits 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 coverage are regulated by the individual states and areas business is located. Thus, there isn’t a single rule that is followed when granting damages. Hence, when your company expands to other states, it would be prudent to discover from your lawyer how the law works in that area, and therefore you can adjust the policy accordingly.
Normally, damages sought for pain and suffering due to the negligence 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 staff members 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 instance, small companies (especially sole proprietorships and collaborations) won’t require the insurance coverage unless they have employees who aren’t also owners. Often, the state laws will allow the owners to get the compensation plan for themselves (as their own workers) if they want.
Some states also don’t require the business to have compensation insurance plan in place if the employees are entirely paid on commission. Depending upon the state, the law might treat uninsured specialists 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. Most employers take measures to make sure that their workplace is safe, but accidents do happen, and livelihoods are lost as a result. Thus, getting workers’ compensation insurance will protect both you and your workers in case of a mishap.