As an independent contractor in San Miguel, 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 Agency Near Me In San Miguel 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 Miguel CA 93451 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.
Understanding Workers’ Compensation Insurance and More
The majority of mid-sized businesses in San Miguel 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 employees.
Workers’ compensation insurance coverage in San Miguel CA is an insurance policy that provides wage replacement and medical expenses to your staff members in case they are hurt. This policy is in exchange for compulsory forfeiture of their right to take legal action against the company for compensation.
Why This Policy Is Useful
This policy serves to safeguard the employer from punitive claims by their staff members. Sometimes, the lawsuits can cause monetary damages resulting in the business to become insolvent when the damages granted are too expensive for the employer to pay for. Therefore, this system of cumulative liability was adopted to solve the issue.
The compensation plans in San Miguel differ among jurisdictions. However, in general terms, a type of disability insurance through replacement of incomes can be adopted. There will also be compensation for the financial loss for the injured employee, payment or reimbursement of medical costs in addition to benefits awarded to the staff members’ dependents in case of death.
As a company owner, you should comprehend why such an insurance policy is handy. Apart from saving you from lawsuits that can damage your reputation, it also prevents you from shutting down due to high damages awarded to the hurt worker.
The Policy Is Not Standardized
The workers’ compensation insurance plans are managed by the individual states and territories business is located. Thus, there isn’t a single guideline that is followed when awarding damages. Hence, when your company expands to other states, it would be prudent to discover from your lawyer how the law operates in that location, and therefore you can change the policy accordingly.
Normally, damages sought for pain and suffering due to the carelessness of the company as well as compensatory damages for the company are not covered by the workers’ compensation plan. Hence, it would be prudent for the employer to make sure that none of their policies or operations directly put the workers at risk of injury even if such an insurance plan is in place.
Not All Businesses Apply
Not all companies need to have workers’ compensation insurance in place. For instance, small businesses (specifically sole proprietorships and collaborations) will not require the insurance coverage unless they have workers who aren’t also owners. In some cases, 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 do not need the business to have compensation insurance plan in place if the employees are entirely paid on commission. Depending on the state, the law might treat uninsured contractors as staff members 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. Most employers take measures to guarantee that their workplace is safe, but accidents do take place, and incomes are lost as a result. Hence, getting workers’ compensation insurance will safeguard both you and your workers in the event of an accident.