As an independent contractor in Signal Hill, 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 Agency Near Me In Signal Hill 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 Signal Hill CA 90755 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 Signal Hill will usually have at least an employee or 2. Therefore, 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 takes place to any of your staff members.
Workers’ compensation insurance coverage in Signal Hill CA is an insurance policy that offers wage replacement and medical costs to your workers in case they are hurt. This policy is in exchange for obligatory forfeiture of their right to take legal action against the employer for compensation.
Why This Policy Is Useful
This policy serves to protect the employer from punitive suits by their workers. Sometimes, the lawsuits can cause monetary damages leading to the business to become insolvent when the damages granted are too expensive for the company to pay for. Thus, this system of cumulative liability was adopted to fix the concern.
The compensation plans in Signal Hill vary among jurisdictions. Nevertheless, in general terms, a form of disability insurance in the form of replacement of salaries can be adopted. There will also be compensation for the economic loss for the hurt employee, payment or repayment of medical costs as well as benefits granted to the employees’ dependents in case of death.
As a company owner, you should comprehend why such an insurance policy is handy. Apart from saving you from lawsuits that can damage your track record, it also prevents you from shutting down due to high damages awarded to the hurt worker.
The Policy Is Not Standardized
The workers’ compensation insurance plans are managed by the individual states and areas business is located. Thus, there isn’t really a single guideline that is followed when awarding 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 adjust the policy appropriately.
Typically, damages sought for pain and suffering due to the carelessness of the company as well as compensatory 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 workers at risk of injury even if such an insurance plan is in place.
Not All Businesses Apply
Not all companies need to have workers’ compensation insurance in place. For instance, small companies (specifically sole proprietorships and collaborations) won’t require the insurance coverage unless they have workers who aren’t also owners. Often, the state laws will enable the owners to get the compensation plan for themselves (as their own staff members) if they wish.
Some states also do not require the business to have compensation insurance plan in place if the staff members are entirely paid on commission. Depending on the state, the law might deal with uninsured specialists 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. Many employers take measures to ensure that their work environment is safe, but mishaps do take place, and incomes are lost as a result. Hence, getting workers’ compensation insurance will safeguard both you and your staff members in the event of an accident.