As an independent contractor in Upper Lake, 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 Upper Lake 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 Upper Lake CA 95485 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 Upper Lake will typically have at least a staff member or more. 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 employees.
Workers’ compensation insurance coverage in Upper Lake CA is an insurance policy that offers wage replacement and medical expenditures to your workers in case they are hurt. This policy is in exchange for mandatory forfeiture of their right to take legal action against the employer for compensation.
Why This Policy Is Useful
This policy serves to protect the company from punitive claims by their staff members. Sometimes, the suits can cause monetary damages leading to the business to become insolvent when the damages granted are too expensive for the employer to afford. Hence, this system of collective liability was adopted to solve the problem.
The compensation strategies in Upper Lake vary amongst jurisdictions. However, in general terms, a form of disability insurance in the form of replacement of salaries can be adopted. There will also be compensation for the economic loss for the injured staff member, payment or reimbursement of medical expenses in addition to benefits granted to the staff members’ dependents in case of death.
As a company owner, you should understand why such an insurance policy comes in handy. Apart from saving you from suits that can damage your credibility, it also prevents you from shutting down due to high damages awarded to the hurt staff member.
The Policy Is Not Standardized
The workers’ compensation insurance policies are managed by the individual states and territories the business is located. Hence, there isn’t a single guideline that is followed when awarding damages. Therefore, when your company expands to other states, it would be prudent to discover from your lawyer how the law works in that area, and therefore you can change the policy appropriately.
Usually, damages sought for pain and suffering due to the negligence of the company as well as punitive damages for the employer are not covered by the workers’ compensation plan. Thus, it would be prudent for the company to make sure that none of their policies or operations directly put the employees at risk of injury even if such an insurance plan remains in place.
Not All Businesses Apply
Not all companies have to have workers’ compensation insurance in place. For instance, small businesses (specifically sole proprietorships and collaborations) will not need the insurance coverage unless they have staff members who aren’t also owners. Sometimes, the state laws will enable the owners to get the compensation plan for themselves (as their own employees) if they want.
Some states also do not 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 deal with uninsured professionals as employees in case they are injured 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. Many employers take measures to guarantee that their workplace is safe, but accidents do happen, and livelihoods are lost as a result. Therefore, getting workers’ compensation insurance will protect both you and your staff members in case of an accident.