As an independent contractor in South Dos Palos, 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 South Dos Palos 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 South Dos Palos CA 93665 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 South Dos Palos will usually have at least a worker or 2. Thus, 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 takes place to any of your workers.
Workers’ compensation insurance coverage in South Dos Palos CA is an insurance policy that supplies 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 Valuable
This policy serves to safeguard the company from punitive suits by their employees. Often, the lawsuits can cause financial damages causing the business to become insolvent when the damages granted are too high for the company to afford. Therefore, this system of collective liability was adopted to resolve the concern.
The compensation plans in South Dos Palos vary among jurisdictions. Nevertheless, in general terms, a form of disability insurance through replacement of wages can be adopted. There will also be compensation for the economic loss for the hurt staff member, payment or repayment of medical expenditures in addition to benefits awarded to the workers’ dependents in case of death.
As a company owner, you should understand why such an insurance policy 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 hurt staff member.
The Policy Is Not Standardized
The workers’ compensation insurance plans are regulated by the individual states and territories business is located. Therefore, there isn’t really a single rule that is followed when awarding damages. Therefore, when your company expands to other states, it would be prudent to find out from your lawyer how the law works in that area, and therefore you can adjust the policy appropriately.
Generally, damages sought for pain and suffering due to the neglect of the employer as well as compensatory damages for the employer 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 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 companies (specifically sole proprietorships and partnerships) won’t need the insurance coverage unless they have staff members who aren’t also owners. In some cases, the state laws will permit the owners to get the compensation plan for themselves (as their own employees) if they wish.
Some states also do not need the business to have compensation insurance plan in place if the workers are entirely paid on commission. Depending on the state, the law may treat uninsured specialists as staff members 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. Most employers take measures to guarantee that their workplace is safe, but accidents do occur, and livelihoods are lost as a result. Thus, getting workers’ compensation insurance will protect both you and your employees in the event of an accident.