As an independent contractor in Santa Clara County, 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 Santa Clara County 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 Santa Clara County CA 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.
Comprehending Workers’ Compensation Insurance and More
Most mid-sized businesses in Santa Clara County will typically have at least a staff member or more. Thus, as an entrepreneur, 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 happens to any of your staff members.
Workers’ compensation insurance coverage in Santa Clara County CA is an insurance policy that provides wage replacement and medical costs to your employees in case they are hurt. This policy is in exchange for mandatory forfeiture of their right to sue the employer for compensation.
Why This Policy Is Valuable
This policy serves to safeguard the employer from punitive claims by their staff members. Often, the suits can cause financial damages causing the business to become insolvent when the damages awarded are too expensive for the company to manage. Hence, this system of cumulative liability was adopted to fix the concern.
The compensation plans in Santa Clara County differ amongst jurisdictions. Nevertheless, in general terms, a kind of disability insurance in the form of replacement of earnings can be adopted. There will also be compensation for the economic loss for the injured employee, payment or repayment of medical expenditures in addition to benefits granted to the workers’ 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 reputation, it also prevents you from closing down due to high damages awarded to the hurt staff member.
The Policy Is Not Standardized
The workers’ compensation insurance policies are regulated by the individual states and areas the business is located. Thus, there isn’t really a single guideline that is followed when granting damages. Therefore, when your company expands to other states, it would be prudent to learn from your attorney how the law operates in that location, and therefore you can change the policy accordingly.
Generally, damages sought for pain and suffering due to the carelessness of the company as well as punitive damages for the company are not covered by the workers’ compensation plan. Thus, 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 just because such an insurance plan is in place.
Not All Businesses Apply
Not all companies have to have workers’ compensation insurance in place. For example, small companies (particularly sole proprietorships and partnerships) won’t require the insurance coverage unless they have employees 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 don’t need the business to have compensation insurance plan in place if the workers are entirely paid on commission. Depending on the state, the law might treat uninsured professionals as workers 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. A lot of employers take measures to make sure that their workplace is safe, but mishaps do happen, and incomes are lost as a result. Therefore, getting workers’ compensation insurance will safeguard both you and your employees in the event of an accident.
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