As an independent contractor in Tuolumne County, 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 Tuolumne County 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 Tuolumne County CA 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.
Understanding Workers’ Compensation Insurance and More
Many mid-sized businesses in Tuolumne County will usually have at least an employee or 2. Hence, 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 workers.
Workers’ compensation insurance coverage in Tuolumne County CA is an insurance policy that offers wage replacement and medical expenses to your workers in case they are injured. This policy is in exchange for necessary forfeiture of their right to take legal action against the company for compensation.
Why This Policy Is Helpful
This policy serves to protect the employer from punitive lawsuits by their staff members. Often, the lawsuits can cause monetary damages leading to the business to become insolvent when the damages granted are too high for the company to manage. Hence, this system of collective liability was adopted to solve the problem.
The compensation plans in Tuolumne County differ 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 staff member, payment or repayment of medical expenditures in addition to benefits awarded to the staff members’ dependents in case of death.
As a company owner, you should comprehend why such an insurance coverage is handy. Apart from saving you from lawsuits that can damage your reputation, it also prevents you from shutting 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 territories business is located. Therefore, there isn’t really a single rule that is followed when awarding damages. Thus, when your company expands to other states, it would be prudent to learn from your lawyer how the law works in that location, and therefore you can change the policy appropriately.
Usually, damages sought for pain and suffering due to the carelessness of the company along with punitive 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 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 companies (specifically sole proprietorships and partnerships) will not require the insurance coverage unless they have workers who aren’t also owners. In some cases, the state laws will allow the owners to get the compensation plan for themselves (as their own employees) if they wish.
Some states also don’t require the business to have compensation insurance plan in place if the workers are exclusively paid on commission. Depending on the state, the law may treat uninsured contractors as workers in case they are hurt while working for you.
Getting the Plan
As a rule, if you have workers who aren’t owners, then it is a requirement to have such compensation insurance plans in place. Most employers take measures to make sure that their workplace is safe, but mishaps do happen, and livelihoods are lost as a result. Thus, getting workers’ compensation insurance will protect both you and your employees in case of a mishap.
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