As an independent contractor in Seeley, 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 Seeley 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 Seeley CA 92273 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
Comprehending Workers’ Compensation Insurance and More
The majority of mid-sized businesses in Seeley will typically have at least an employee or more. Therefore, 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 staff members.
Workers’ compensation insurance coverage in Seeley CA is an insurance policy that provides wage replacement and medical expenses to your workers in case they are hurt. This policy is in exchange for necessary forfeiture of their right to take legal action against the employer for compensation.
Why This Policy Is Handy
This policy serves to safeguard the employer from punitive suits by their employees. In some cases, the suits can cause monetary damages leading to the business to become insolvent when the damages awarded are too expensive for the company to pay for. Thus, this system of cumulative liability was adopted to resolve the issue.
The compensation plans in Seeley differ among jurisdictions. Nevertheless, in general terms, a form of disability insurance in the form of replacement of wages can be adopted. There will also be compensation for the economic loss for the injured worker, payment or repayment of medical expenses as well as benefits awarded 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 claims that can damage your track record, it also prevents you from closing down due to high damages granted to the injured worker.
The Policy Is Not Standardized
The workers’ compensation insurance plans are regulated by the individual states and areas business is located. Therefore, there isn’t really a single rule that is followed when granting damages. Therefore, when your company expands to other states, it would be prudent to discover from your lawyer how the law works in that location, and therefore you can adjust the policy accordingly.
Usually, damages sought for pain and suffering due to the negligence of the company as well as compensatory damages for the company 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 employees at risk of injury even if such an insurance plan remains in place.
Not All Businesses Apply
Not all companies need to have workers’ compensation insurance in place. For example, small businesses (especially sole proprietorships and partnerships) will not need the insurance coverage unless they have employees 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 want.
Some states also don’t need the business to have compensation insurance plan in place if the employees are solely paid on commission. Depending on 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 workers who aren’t owners, then it is a requirement to have such compensation insurance plans in place. A lot of companies take measures to make sure that their work environment is safe, but mishaps do occur, and incomes are lost as a result. Thus, getting workers’ compensation insurance will protect both you and your employees in case of an accident.