As an independent contractor in Susanville, 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 Susanville 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 Susanville CA 96127 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
Most mid-sized businesses in Susanville will usually have at least a staff member or more. Hence, as a company 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 Susanville CA is an insurance policy that provides wage replacement and medical expenditures to your workers in case they are hurt. This policy is in exchange for necessary forfeiture of their right to sue the employer for compensation.
Why This Policy Is Useful
This policy serves to protect the company from punitive lawsuits by their staff members. In some cases, the suits can cause monetary damages causing the business to become insolvent when the damages awarded are too high for the employer to manage. Hence, this system of collective liability was adopted to resolve the concern.
The compensation strategies in Susanville differ 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 injured staff member, payment or reimbursement of medical costs along with 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 claims that can damage your track record, it also prevents you from closing down due to high damages granted to the hurt staff member.
The Policy Is Not Standardized
The workers’ compensation insurance coverage are managed by the individual states and territories 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 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 neglect of the company as well as compensatory damages for the company 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 have to have workers’ compensation insurance in place. For example, small companies (particularly sole proprietorships and collaborations) won’t require the insurance coverage unless they have employees 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 require the business to have compensation insurance plan in place if the employees are exclusively 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 staff members who aren’t owners, then it is a requirement to have such compensation insurance plans in place. A lot of companies take measures to make sure that their workplace is safe, but accidents do occur, and incomes are lost as a result. Hence, getting workers’ compensation insurance will safeguard both you and your workers in case of a mishap.