As an independent contractor in Solvang, 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 Solvang 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 Solvang CA 93463 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
A lot of mid-sized businesses in Solvang will usually have at least a worker or 2. 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 occurs to any of your workers.
Workers’ compensation insurance coverage in Solvang 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 necessary relinquishment of their right to sue the company for compensation.
Why This Policy Is Handy
This policy serves to safeguard the employer from punitive claims by their employees. In some cases, the lawsuits can cause monetary damages leading to the business to become insolvent when the damages granted are too high for the company to pay for. Hence, this system of cumulative liability was adopted to solve the issue.
The compensation plans in Solvang differ amongst jurisdictions. However, in general terms, a type of disability insurance through replacement of salaries can be adopted. There will also be compensation for the financial loss for the injured staff member, payment or compensation of medical expenditures as well as benefits awarded to the workers’ dependents in case of death.
As a business owner, you should understand why such an insurance policy is handy. Apart from saving you from suits that can damage your credibility, it also prevents you from shutting down due to high damages awarded to the injured staff member.
The Policy Is Not Standardized
The workers’ compensation insurance policies are controlled by the individual states and territories the business is located. Therefore, there isn’t really a single guideline that is followed when granting damages. Thus, when your company expands to other states, it would be prudent to find out from your attorney how the law works in that area, and therefore you can change the policy appropriately.
Normally, damages sought for pain and suffering due to the neglect of the employer along with punitive damages for the employer 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 remains in place.
Not All Businesses Apply
Not all companies need to have workers’ compensation insurance in place. For example, small businesses (specifically sole proprietorships and partnerships) won’t require the insurance coverage unless they have workers who aren’t also owners. In some cases, 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 employees are entirely paid on commission. Depending on the state, the law may treat uninsured professionals as staff members 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. The majority of employers take measures to make sure that their workplace is safe, but accidents do happen, and livelihoods are lost as a result. Thus, getting workers’ compensation insurance will safeguard both you and your workers in the event of an accident.