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Workers Compensation Insurance in Scotts Valley CAAs an independent contractor in Scotts Valley, 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 Scotts Valley 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 Scotts Valley CA 95066 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

A lot of mid-sized businesses in Scotts Valley will generally 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 happens to any of your workers.

Workers’ compensation insurance coverage in Scotts Valley CA is an insurance policy that supplies wage replacement and medical costs to your staff members in case they are injured. This policy is in exchange for necessary relinquishment of their right to sue the employer for compensation.

Why This Policy Is Helpful

This policy serves to safeguard the company from punitive suits by their employees. Sometimes, the lawsuits can cause monetary damages resulting in the business to become insolvent when the damages awarded are too expensive for the company to afford. Hence, this system of cumulative liability was adopted to resolve the concern.

The compensation strategies in Scotts Valley vary among jurisdictions. Nevertheless, in general terms, a form of disability insurance through replacement of earnings can be adopted. There will also be compensation for the economic loss for the injured employee, payment or reimbursement of medical expenditures as well as benefits granted to the staff members’ dependents in case of death.

As a business owner, you should comprehend why such an insurance policy comes in handy. Apart from saving you from claims that can damage your reputation, it also prevents you from closing down due to high damages awarded to the injured employee.

The Policy Is Not Standardized

The workers’ compensation insurance plans are controlled by the individual states and territories business is located. Therefore, there isn’t really a single rule that is followed when granting damages. Thus, 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 adjust the policy appropriately.

Typically, damages sought for pain and suffering due to the negligence of the employer in addition to punitive damages for the employer are not covered by the workers’ compensation plan. Thus, 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 even if such an insurance plan remains in place.

Not All Businesses Apply

Scotts Valley Workers Compensation InsuranceNot all companies have to have workers’ compensation insurance in place. For example, small companies (particularly sole proprietorships and collaborations) won’t require the insurance coverage unless they have staff members who aren’t also owners. Sometimes, the state laws will permit the owners to get the compensation plan for themselves (as their own staff members) if they wish.

Some states also don’t require the business to have compensation insurance plan in place if the workers are exclusively paid on commission. Depending upon the state, the law might treat uninsured contractors as employees 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. The majority of companies take measures to guarantee that their work environment is safe, but accidents do occur, and livelihoods are lost as a result. Thus, getting workers’ compensation insurance will safeguard both you and your employees in case of a mishap.

Learn More About Scotts Valley CA 95066

Scotts Valley is a city in Santa Cruz County, California with a total population of approximately 14,749. Scotts Valley, which uses the 831 area code, is located at 37.07216, -122.007 at an elevation of 17 feet. There are over 5,643 households and on average there are 2.56 people in each household with a median age of 42.4. The average income in the area is $106,462 and the average home value is $675,800.