As an independent contractor in San Lorenzo, 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 San Lorenzo 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 Lorenzo CA 94580 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 San Lorenzo will typically have at least a staff member or two. Therefore, 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 workers.
Workers’ compensation insurance coverage in San Lorenzo CA is an insurance policy that provides wage replacement and medical expenses to your employees in case they are injured. This policy is in exchange for necessary forfeiture of their right to take legal action against the company for compensation.
Why This Policy Is Valuable
This policy serves to safeguard the company from punitive claims by their workers. Often, the claims can cause financial damages resulting in the business to become insolvent when the damages awarded are too expensive for the company to manage. Thus, this system of collective liability was adopted to fix the issue.
The compensation plans in San Lorenzo vary amongst 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 hurt worker, payment or repayment of medical expenses in addition to benefits awarded to the employees’ dependents in case of death.
As an entrepreneur, you should understand why such an insurance policy comes in handy. Apart from saving you from suits that can damage your credibility, it also prevents you from shutting down due to high damages awarded to the injured worker.
The Policy Is Not Standardized
The workers’ compensation insurance plans are regulated by the individual states and areas the business is located. Thus, there isn’t really a single rule that is followed when awarding 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 location, and therefore you can change the policy appropriately.
Typically, damages sought for pain and suffering due to the carelessness 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 company to make sure that none of their policies or operations directly put the staff members at risk of injury even if 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 businesses (particularly sole proprietorships and partnerships) will not require the insurance coverage unless they have workers who aren’t also owners. In some cases, the state laws will permit the owners to get the compensation plan for themselves (as their own employees) if they want.
Some states also do not need the business to have compensation insurance plan in place if the employees are exclusively paid on commission. Depending on the state, the law might deal with uninsured contractors as workers in case they are injured 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 mishaps do happen, and incomes are lost as a result. Thus, getting workers’ compensation insurance will safeguard both you and your workers in the event of an accident.