As an independent contractor in Walnut Grove, 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 Walnut Grove 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 Walnut Grove CA 95690 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 Walnut Grove will normally have at least a staff member or 2. 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 workers.
Workers’ compensation insurance coverage in Walnut Grove CA is an insurance policy that supplies wage replacement and medical expenses to your staff members 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 Practical
This policy serves to safeguard the employer from punitive suits by their staff members. In some cases, the lawsuits can cause monetary damages causing the business to become insolvent when the damages awarded are too high for the employer to afford. Hence, this system of cumulative liability was adopted to solve the issue.
The compensation strategies in Walnut Grove vary amongst jurisdictions. Nevertheless, in general terms, a kind of disability insurance in the form of replacement of wages can be adopted. There will also be compensation for the financial loss for the injured employee, payment or compensation of medical expenditures as well as benefits awarded to the workers’ dependents in case of death.
As a company owner, 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 shutting down due to high damages awarded to the hurt staff member.
The Policy Is Not Standardized
The workers’ compensation insurance coverage are regulated by the individual states and areas business is located. Therefore, 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 attorney how the law works in that area, and therefore you can change the policy appropriately.
Normally, damages sought for pain and suffering due to the negligence of the company along with 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 staff members 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 companies (particularly sole proprietorships and partnerships) will not need the insurance coverage unless they have workers who aren’t also owners. Often, the state laws will permit the owners to get the compensation plan for themselves (as their own employees) if they wish.
Some states also don’t require the business to have compensation insurance plan in place if the workers are solely paid on commission. Depending on the state, the law might deal with uninsured specialists as workers in case they are injured 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. Most companies take measures to ensure that their workplace is safe, but accidents do happen, and incomes are lost as a result. Thus, getting workers’ compensation insurance will safeguard both you and your workers in the event of a mishap.