As an independent contractor in Vacaville, 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 Vacaville 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 Vacaville CA 95687 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 Vacaville will generally have at least a worker or two. Thus, 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 occurs to any of your staff members.
Workers’ compensation insurance coverage in Vacaville CA is an insurance policy that offers wage replacement and medical expenditures to your workers in case they are injured. This policy is in exchange for necessary 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 lawsuits by their employees. Often, the lawsuits can cause financial damages leading to the business to become insolvent when the damages awarded are too high for the company to pay for. Hence, this system of cumulative liability was adopted to fix the problem.
The compensation strategies in Vacaville differ among jurisdictions. However, in general terms, a form of disability insurance in the form of replacement of incomes can be adopted. There will also be compensation for the economic loss for the hurt worker, payment or compensation of medical expenses as well as 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 credibility, it also prevents you from closing down due to high damages granted to the injured worker.
The Policy Is Not Standardized
The workers’ compensation insurance plans are controlled by the individual states and territories business is located. Hence, there isn’t a single guideline that is followed when granting damages. Thus, when your company expands to other states, it would be prudent to discover from your lawyer how the law operates in that area, and therefore you can change the policy appropriately.
Usually, damages sought for pain and suffering due to the neglect of the employer as well as punitive damages for the company are not covered by the workers’ compensation plan. Hence, it would be prudent for the company to make sure that none of their policies or operations directly put the workers at risk of injury even if 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 businesses (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 employees) if they want.
Some states also do not need the business to have compensation insurance plan in place if the workers are solely paid on commission. Depending upon the state, the law might treat uninsured contractors 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. Many companies take measures to guarantee that their workplace is safe, but mishaps do happen, and incomes are lost as a result. Hence, getting workers’ compensation insurance will protect both you and your workers in the event of a mishap.