As an independent contractor in Upland, 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 Upland 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 Upland CA 91784 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
A lot of mid-sized businesses in Upland will typically have at least a staff member or two. 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 Upland CA is an insurance policy that offers wage replacement and medical costs to your employees in case they are hurt. This policy is in exchange for obligatory relinquishment of their right to take legal action against the company for compensation.
Why This Policy Is Helpful
This policy serves to safeguard the company from punitive suits by their workers. In some cases, the lawsuits can cause monetary damages resulting in the business to become insolvent when the damages granted are too expensive for the employer to pay for. Therefore, this system of collective liability was adopted to resolve the issue.
The compensation strategies in Upland vary amongst jurisdictions. However, 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 financial loss for the hurt worker, payment or compensation of medical expenditures as well as benefits awarded to the workers’ dependents in case of death.
As an entrepreneur, you should comprehend why such an insurance policy comes in handy. Apart from saving you from lawsuits that can damage your credibility, it also prevents you from closing down due to high damages awarded to the hurt worker.
The Policy Is Not Standardized
The workers’ compensation insurance policies are managed by the individual states and territories business is located. Hence, there isn’t really 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 lawyer how the law works in that location, and therefore you can change the policy accordingly.
Usually, damages sought for pain and suffering due to the carelessness of the employer along with 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 need to have workers’ compensation insurance in place. For example, small companies (particularly sole proprietorships and collaborations) will not need the insurance coverage unless they have workers who aren’t also owners. In some cases, the state laws will enable the owners to get the compensation plan for themselves (as their own staff members) if they wish.
Some states also don’t 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 might deal with uninsured professionals as workers in case they are injured 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. A lot of companies take measures to ensure that their workplace is safe, but accidents do take place, and livelihoods are lost as a result. Therefore, getting workers’ compensation insurance will protect both you and your staff members in case of a mishap.