As an independent contractor in Tehachapi, 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 Experts Near Me In Tehachapi 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 Tehachapi CA 93561 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 Tehachapi will normally have at least an employee 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 occurs to any of your employees.
Workers’ compensation insurance coverage in Tehachapi CA is an insurance policy that offers wage replacement and medical costs to your workers in case they are hurt. This policy is in exchange for mandatory forfeiture of their right to sue the employer for compensation.
Why This Policy Is Handy
This policy serves to safeguard the company from punitive lawsuits by their workers. Often, the suits can cause monetary damages resulting in the business to become insolvent when the damages granted are too expensive for the employer to pay for. Thus, this system of cumulative liability was adopted to fix the problem.
The compensation plans in Tehachapi differ among jurisdictions. Nevertheless, in general terms, a type 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 staff member, payment or reimbursement of medical expenditures in addition to benefits awarded to the employees’ dependents in case of death.
As an entrepreneur, you should understand why such an insurance policy comes in handy. Apart from saving you from claims that can damage your reputation, it also prevents you from shutting down due to high damages granted to the hurt employee.
The Policy Is Not Standardized
The workers’ compensation insurance plans are controlled by the individual states and territories business is located. Therefore, there isn’t a single rule that is followed when awarding 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 appropriately.
Usually, damages sought for pain and suffering due to the neglect of the employer as well as punitive damages for the employer are not covered by the workers’ compensation plan. Therefore, it would be prudent for the employer to make sure that none of their policies or operations directly put the employees 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 businesses (especially sole proprietorships and partnerships) will not require the insurance coverage unless they have staff members who aren’t also owners. Sometimes, the state laws will allow the owners to get the compensation plan for themselves (as their own staff members) if they wish.
Some states also don’t require the business to have compensation insurance plan in place if the employees are entirely paid on commission. Depending on the state, the law might treat uninsured specialists as workers 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. Most companies take measures to make sure that their work environment is safe, but mishaps do occur, and incomes are lost as a result. Thus, getting workers’ compensation insurance will safeguard both you and your workers in the event of a mishap.