As an independent contractor in San Mateo, 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 Mateo 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 Mateo CA 94401 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
Many mid-sized businesses in San Mateo will usually have at least an employee or two. 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 takes place to any of your staff members.
Workers’ compensation insurance coverage in San Mateo CA is an insurance policy that supplies wage replacement and medical costs to your workers in case they are hurt. This policy is in exchange for necessary relinquishment of their right to take legal action against the company for compensation.
Why This Policy Is Handy
This policy serves to protect the company from punitive suits by their employees. Often, the lawsuits can cause monetary damages causing the business to become insolvent when the damages awarded are too high for the employer to pay for. Hence, this system of collective liability was adopted to resolve the concern.
The compensation plans in San Mateo vary among jurisdictions. Nevertheless, in general terms, a kind of disability insurance through replacement of wages can be adopted. There will also be compensation for the financial loss for the injured worker, payment or repayment of medical costs in addition to benefits awarded to the staff members’ dependents in case of death.
As an entrepreneur, you should understand why such an insurance coverage comes in handy. Apart from saving you from suits that can damage your track record, it also prevents you from closing down due to high damages awarded to the injured worker.
The Policy Is Not Standardized
The workers’ compensation insurance coverage are controlled by the individual states and territories business is located. Thus, there isn’t a single guideline that is followed when granting damages. Therefore, when your company expands to other states, it would be prudent to find out from your lawyer how the law works in that location, and therefore you can adjust the policy accordingly.
Usually, damages sought for pain and suffering due to the carelessness of the employer in addition to punitive damages for the company are not covered by the workers’ compensation plan. Hence, 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 have to have workers’ compensation insurance in place. For example, small businesses (specifically sole proprietorships and collaborations) won’t need the insurance coverage unless they have workers who aren’t also owners. Often, the state laws will permit the owners to get the compensation plan for themselves (as their own workers) if they wish.
Some states also do not require the business to have compensation insurance plan in place if the employees are solely paid on commission. Depending on the state, the law may deal with uninsured contractors as workers in case they are injured 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. The majority of companies take measures to guarantee that their workplace is safe, but mishaps do take place, and incomes are lost as a result. Therefore, getting workers’ compensation insurance will safeguard both you and your workers in case of an accident.