As an independent contractor in Valley Ford, 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 Valley Ford 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 Valley Ford CA 94972 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
Many mid-sized businesses in Valley Ford will typically have at least a worker or 2. Therefore, as an entrepreneur, 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 Valley Ford CA is an insurance policy that provides wage replacement and medical costs to your staff members in case they are hurt. This policy is in exchange for compulsory relinquishment of their right to sue the company for compensation.
Why This Policy Is Helpful
This policy serves to safeguard the company from punitive lawsuits by their employees. Often, the suits can cause monetary damages causing the business to become insolvent when the damages granted are too expensive for the employer to afford. Thus, this system of cumulative liability was adopted to solve the issue.
The compensation strategies in Valley Ford vary among jurisdictions. Nevertheless, in general terms, a type of disability insurance through replacement of wages can be adopted. There will also be compensation for the financial loss for the injured worker, payment or compensation of medical expenses as well as benefits awarded to the employees’ dependents in case of death.
As a business owner, you should understand why such an insurance coverage is handy. Apart from saving you from suits that can damage your track record, it also prevents you from closing down due to high damages awarded to the hurt staff member.
The Policy Is Not Standardized
The workers’ compensation insurance coverage are managed by the individual states and areas the business is located. Thus, 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 discover from your attorney how the law operates in that area, and therefore you can adjust the policy accordingly.
Normally, damages sought for pain and suffering due to the neglect of the employer along with compensatory damages for the employer 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 is 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) won’t need the insurance coverage unless they have staff members who aren’t also owners. Often, the state laws will enable the owners to get the compensation plan for themselves (as their own workers) if they want.
Some states also don’t require the business to have compensation insurance plan in place if the employees are solely paid on commission. Depending on the state, the law might treat uninsured professionals 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. A lot of companies 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 safeguard both you and your staff members in case of an accident.