As an independent contractor in Sun Valley, 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 Sun Valley 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 Sun Valley CA 91352 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
Most mid-sized businesses in Sun Valley will normally have at least a worker or two. 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 happens to any of your staff members.
Workers’ compensation insurance coverage in Sun Valley CA is an insurance policy that supplies wage replacement and medical expenditures to your workers in case they are injured. This policy is in exchange for obligatory relinquishment of their right to take legal action against the company for compensation.
Why This Policy Is Handy
This policy serves to safeguard the company from punitive claims by their staff members. Sometimes, the claims can cause financial damages resulting in the business to become insolvent when the damages awarded are too expensive for the company to afford. Therefore, this system of cumulative liability was adopted to resolve the problem.
The compensation plans in Sun Valley vary amongst jurisdictions. Nevertheless, in general terms, a kind of disability insurance in the form of replacement of earnings can be adopted. There will also be compensation for the financial loss for the hurt staff member, payment or repayment of medical expenditures as well as benefits awarded to the staff members’ dependents in case of death.
As a company owner, you should understand why such an insurance plan 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 worker.
The Policy Is Not Standardized
The workers’ compensation insurance policies are managed by the individual states and territories business is located. Hence, there isn’t really a single guideline that is followed when granting damages. Hence, when your company expands to other states, it would be prudent to learn from your lawyer how the law works in that area, and therefore you can adjust the policy accordingly.
Normally, damages sought for pain and suffering due to the carelessness of the employer in addition to punitive 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 have to have workers’ compensation insurance in place. For example, small companies (especially sole proprietorships and partnerships) will not need the insurance coverage unless they have employees who aren’t also owners. Often, the state laws will allow the owners to get the compensation plan for themselves (as their own employees) if they want.
Some states also don’t need the business to have compensation insurance plan in place if the employees are entirely paid on commission. Depending on the state, the law may 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. A lot of employers take measures to make sure that their workplace is safe, but mishaps do take place, and livelihoods are lost as a result. Thus, getting workers’ compensation insurance will protect both you and your employees in case of an accident.