As an independent contractor in San Ramon, 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 Ramon 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 Ramon CA 94582 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
The majority of mid-sized businesses in San Ramon will normally have at least a staff member or 2. Hence, 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 staff members.
Workers’ compensation insurance coverage in San Ramon CA is an insurance policy that supplies wage replacement and medical costs to your staff members in case they are hurt. This policy is in exchange for mandatory relinquishment of their right to take legal action against the employer for compensation.
Why This Policy Is Valuable
This policy serves to protect the employer from punitive suits by their staff members. Sometimes, 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. Therefore, this system of collective liability was adopted to resolve the issue.
The compensation strategies in San Ramon differ amongst jurisdictions. Nevertheless, in general terms, a form of disability insurance in the form of replacement of incomes can be adopted. There will also be compensation for the economic loss for the hurt employee, payment or compensation of medical costs as well as benefits granted to the employees’ dependents in case of death.
As a business owner, you should comprehend why such an insurance plan is handy. Apart from saving you from suits that can damage your track record, it also prevents you from shutting down due to high damages awarded to the hurt employee.
The Policy Is Not Standardized
The workers’ compensation insurance policies are managed by the individual states and areas the business is located. Thus, there isn’t a single rule that is followed when granting damages. Thus, when your company expands to other states, it would be prudent to find out from your lawyer how the law operates in that area, and therefore you can change the policy accordingly.
Normally, damages sought for pain and suffering due to the neglect of the employer along with punitive 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 employees 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 instance, small businesses (specifically sole proprietorships and collaborations) won’t require the insurance coverage unless they have employees who aren’t also owners. In some cases, the state laws will enable the owners to get the compensation plan for themselves (as their own employees) 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 on the state, the law may treat uninsured contractors as staff members 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 companies take measures to guarantee that their workplace is safe, but mishaps do occur, and incomes are lost as a result. Therefore, getting workers’ compensation insurance will safeguard both you and your workers in the event of a mishap.