As an independent contractor in Santa Cruz, 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 Cruz 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 Cruz CA 95060 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 Santa Cruz will generally have at least a staff member or two. Hence, 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 employees.
Workers’ compensation insurance coverage in Santa Cruz CA is an insurance policy that supplies wage replacement and medical expenditures to your workers in case they are hurt. This policy is in exchange for obligatory forfeiture of their right to sue the company for compensation.
Why This Policy Is Valuable
This policy serves to safeguard the employer from punitive claims by their employees. Sometimes, the lawsuits can cause financial damages causing the business to become insolvent when the damages granted are too expensive for the employer to manage. Therefore, this system of cumulative liability was adopted to resolve the problem.
The compensation strategies in Santa Cruz differ among jurisdictions. Nevertheless, in general terms, a kind of disability insurance in the form of replacement of wages can be adopted. There will also be compensation for the financial loss for the hurt worker, payment or compensation of medical expenses in addition to benefits awarded to the workers’ dependents in case of death.
As an entrepreneur, 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 shutting 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 the business is located. Therefore, 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 learn from your attorney how the law works in that location, and therefore you can adjust the policy appropriately.
Typically, damages sought for pain and suffering due to the negligence of the company along with 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 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 instance, small businesses (especially sole proprietorships and partnerships) won’t need the insurance coverage unless they have workers who aren’t also owners. Sometimes, the state laws will enable the owners to get the compensation plan for themselves (as their own workers) 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 upon the state, the law might treat uninsured contractors as employees 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 ensure that their workplace is safe, but accidents do occur, and incomes are lost as a result. Therefore, getting workers’ compensation insurance will protect both you and your employees in case of a mishap.