As an independent contractor in Tomales, 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 Agency Near Me In Tomales 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 Tomales CA 94971 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
Many mid-sized businesses in Tomales will generally have at least a worker or more. 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 employees.
Workers’ compensation insurance coverage in Tomales CA is an insurance policy that provides wage replacement and medical expenses to your workers in case they are injured. This policy is in exchange for compulsory forfeiture of their right to sue the employer for compensation.
Why This Policy Is Handy
This policy serves to protect the company from punitive claims by their staff members. Often, the lawsuits can cause monetary damages resulting in the business to become insolvent when the damages granted are too expensive for the company to afford. Thus, this system of cumulative liability was adopted to solve the concern.
The compensation strategies in Tomales differ among jurisdictions. However, in general terms, a form of disability insurance through replacement of wages can be adopted. There will also be compensation for the financial loss for the injured staff member, payment or repayment of medical expenses in addition to benefits granted to the workers’ dependents in case of death.
As a company owner, you should understand why such an insurance plan comes in handy. Apart from saving you from claims that can damage your credibility, it also prevents you from closing down due to high damages awarded to the injured staff member.
The Policy Is Not Standardized
The workers’ compensation insurance policies are regulated by the individual states and areas the business is located. Hence, there isn’t a single rule that is followed when awarding damages. Therefore, when your company expands to other states, it would be prudent to learn from your attorney how the law works in that location, and therefore you can adjust the policy accordingly.
Generally, damages sought for pain and suffering due to the negligence of the company along with compensatory damages for the company 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 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 instance, small businesses (particularly sole proprietorships and partnerships) will not need 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 workers) if they wish.
Some states also do not require the business to have compensation insurance plan in place if the staff members are entirely paid on commission. Depending on the state, the law may treat uninsured specialists as staff members in case they are injured 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 workplace is safe, but accidents do happen, and livelihoods are lost as a result. Thus, getting workers’ compensation insurance will protect both you and your workers in the event of a mishap.