As an independent contractor in San Marcos, 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 San Marcos 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 Marcos CA 92069 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
Most mid-sized businesses in San Marcos will usually have at least a staff member or more. Therefore, as a business 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 Marcos CA is an insurance policy that provides wage replacement and medical costs to your staff members in case they are hurt. This policy is in exchange for obligatory forfeiture of their right to take legal action against the employer for compensation.
Why This Policy Is Useful
This policy serves to safeguard the company from punitive suits by their employees. In some cases, the lawsuits can cause monetary damages causing the business to become insolvent when the damages granted are too high for the company to afford. Thus, this system of collective liability was adopted to fix the issue.
The compensation strategies in San Marcos vary amongst jurisdictions. Nevertheless, in general terms, a type of disability insurance through replacement of wages can be adopted. There will also be compensation for the financial loss for the hurt staff member, payment or compensation of medical costs along with benefits awarded 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 suits that can damage your track record, it also prevents you from shutting 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 territories business is located. Thus, there isn’t really a single guideline that is followed when granting damages. Thus, 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 adjust the policy appropriately.
Normally, damages sought for pain and suffering due to the negligence of the company along with compensatory damages for the employer 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 employees at risk of injury even if such an insurance plan is in place.
Not All Businesses Apply
Not all companies have to have workers’ compensation insurance in place. For instance, small businesses (specifically sole proprietorships and partnerships) will not require the insurance coverage unless they have staff members who aren’t also owners. Sometimes, the state laws will enable the owners to get the compensation plan for themselves (as their own staff members) 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 contractors as employees in case they are injured 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. The majority of employers take measures to guarantee that their workplace is safe, but accidents do take place, and livelihoods are lost as a result. Therefore, getting workers’ compensation insurance will protect both you and your staff members in case of an accident.