As an independent contractor in Stirling City, 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 Stirling City 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 Stirling City CA 95978 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 Stirling City will generally have at least an employee or 2. Therefore, 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 occurs to any of your staff members.
Workers’ compensation insurance coverage in Stirling City CA is an insurance policy that provides wage replacement and medical costs to your workers in case they are injured. This policy is in exchange for necessary forfeiture of their right to sue the employer for compensation.
Why This Policy Is Practical
This policy serves to protect the employer from punitive suits by their employees. Sometimes, the suits can cause financial damages causing the business to become insolvent when the damages granted are too expensive for the company to manage. Thus, this system of collective liability was adopted to resolve the concern.
The compensation plans in Stirling City vary amongst jurisdictions. Nevertheless, in general terms, a kind of disability insurance through replacement of salaries can be adopted. There will also be compensation for the financial loss for the hurt worker, payment or repayment of medical expenditures in addition to benefits awarded to the staff members’ dependents in case of death.
As a business owner, you should comprehend why such an insurance coverage is handy. Apart from saving you from suits that can damage your credibility, it also prevents you from closing down due to high damages granted to the hurt employee.
The Policy Is Not Standardized
The workers’ compensation insurance policies are controlled by the individual states and territories the business is located. Hence, 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 learn from your attorney how the law works in that area, and therefore you can change the policy appropriately.
Usually, damages sought for pain and suffering due to the negligence of the company in addition to compensatory damages for the company are not covered by the workers’ compensation plan. Hence, it would be prudent for the company to make sure that none of their policies or operations directly put the staff members at risk of injury just because such an insurance plan is in place.
Not All Businesses Apply
Not all companies have to have workers’ compensation insurance in place. For example, small businesses (especially sole proprietorships and collaborations) will not require the insurance coverage unless they have employees who aren’t also owners. Often, the state laws will enable the owners to get the compensation plan for themselves (as their own workers) if they wish.
Some states also don’t need the business to have compensation insurance plan in place if the employees are entirely paid on commission. Depending upon the state, the law might deal with uninsured contractors as employees 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. Many employers take measures to ensure that their workplace is safe, but mishaps do happen, and livelihoods are lost as a result. Hence, getting workers’ compensation insurance will safeguard both you and your employees in the event of an accident.