As an independent contractor in Valyermo, 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 Valyermo 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 Valyermo CA 93563 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 Valyermo will normally 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 happens to any of your workers.
Workers’ compensation insurance coverage in Valyermo CA is an insurance policy that offers wage replacement and medical expenses to your staff members in case they are injured. This policy is in exchange for compulsory forfeiture of their right to sue the employer for compensation.
Why This Policy Is Valuable
This policy serves to safeguard the company from punitive suits by their employees. In some cases, the claims can cause monetary damages resulting in the business to become insolvent when the damages awarded are too high for the employer to manage. Hence, this system of cumulative liability was adopted to fix the concern.
The compensation plans in Valyermo vary among jurisdictions. However, in general terms, a kind 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 worker, payment or reimbursement of medical expenditures as well as benefits granted to the workers’ dependents in case of death.
As a company owner, you should comprehend why such an insurance plan is handy. Apart from saving you from lawsuits that can damage your credibility, it also prevents you from shutting down due to high damages awarded to the injured worker.
The Policy Is Not Standardized
The workers’ compensation insurance plans are managed by the individual states and areas business is located. Therefore, there isn’t really a single guideline that is followed when awarding damages. Therefore, when your company expands to other states, it would be prudent to find out from your attorney how the law works in that area, and therefore you can adjust the policy appropriately.
Typically, damages sought for pain and suffering due to the neglect of the company as well as compensatory damages for the company are not covered by the workers’ compensation plan. Therefore, 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 have to have workers’ compensation insurance in place. For example, small businesses (particularly sole proprietorships and collaborations) won’t need the insurance coverage unless they have employees who aren’t also owners. Sometimes, the state laws will permit 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 solely paid on commission. Depending upon the state, the law might deal with uninsured contractors as employees in case they are hurt while working for you.
Getting the Plan
As a rule, if you have staff members who aren’t owners, then it is a requirement to have such compensation insurance plans in place. The majority of companies take measures to guarantee that their work environment is safe, but mishaps do take place, and incomes are lost as a result. Hence, getting workers’ compensation insurance will protect both you and your staff members in case of a mishap.