As an independent contractor in Sunol, 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 Sunol 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 Sunol CA 94586 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
Many mid-sized businesses in Sunol will normally have at least a worker or more. 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 happens to any of your staff members.
Workers’ compensation insurance coverage in Sunol CA is an insurance policy that provides wage replacement and medical expenses to your employees in case they are hurt. This policy is in exchange for compulsory forfeiture of their right to sue the employer for compensation.
Why This Policy Is Useful
This policy serves to safeguard the employer from punitive claims by their workers. Often, the claims can cause financial damages leading to the business to become insolvent when the damages granted are too high for the employer to pay for. Hence, this system of cumulative liability was adopted to solve the issue.
The compensation plans in Sunol vary among jurisdictions. Nevertheless, in general terms, a kind of disability insurance in the form of replacement of wages can be adopted. There will also be compensation for the economic loss for the injured worker, payment or compensation of medical expenditures as well as benefits granted to the employees’ dependents in case of death.
As a company 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 awarded to the injured employee.
The Policy Is Not Standardized
The workers’ compensation insurance coverage are regulated by the individual states and areas the business is located. Thus, there isn’t 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 attorney how the law operates in that area, and therefore you can adjust the policy accordingly.
Usually, damages sought for pain and suffering due to the negligence of the company along with 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 need to have workers’ compensation insurance in place. For example, small companies (particularly sole proprietorships and collaborations) will not require the insurance coverage unless they have workers who aren’t also owners. Sometimes, the state laws will permit the owners to get the compensation plan for themselves (as their own staff members) if they wish.
Some states also do not need the business to have compensation insurance plan in place if the staff members are exclusively paid on commission. Depending on the state, the law may deal with uninsured professionals as workers in case they are hurt while working for you.
Getting the Plan
As a rule, if you have staff members who aren’t owners, then it is a requirement to have such compensation insurance plans in place. Many employers take measures to make sure that their work environment is safe, but accidents do occur, and incomes are lost as a result. Hence, getting workers’ compensation insurance will protect both you and your workers in the event of a mishap.