As an independent contractor in Woodland Hills, 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 Specialists Near Me In Woodland Hills 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 Woodland Hills CA 91364 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
The majority of mid-sized businesses in Woodland Hills will usually have at least a staff member or more. 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 workers.
Workers’ compensation insurance coverage in Woodland Hills CA is an insurance policy that offers wage replacement and medical costs to your workers in case they are hurt. This policy is in exchange for necessary relinquishment of their right to sue the employer for compensation.
Why This Policy Is Practical
This policy serves to safeguard the employer from punitive suits by their workers. In some cases, the claims can cause monetary damages leading to the business to become insolvent when the damages granted are too high for the company to afford. Hence, this system of cumulative liability was adopted to fix the problem.
The compensation plans in Woodland Hills vary among jurisdictions. Nevertheless, in general terms, a kind 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 staff member, payment or reimbursement of medical costs in addition to benefits awarded to the workers’ dependents in case of death.
As an entrepreneur, you should understand why such an insurance policy is handy. Apart from saving you from lawsuits that can damage your track record, it also prevents you from shutting down due to high damages granted 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 a single rule that is followed when awarding damages. Thus, when your company expands to other states, it would be prudent to discover from your attorney how the law operates in that location, and therefore you can change the policy accordingly.
Typically, damages sought for pain and suffering due to the carelessness 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 employer 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 need to have workers’ compensation insurance in place. For example, small businesses (particularly sole proprietorships and collaborations) won’t require the insurance coverage unless they have employees who aren’t also owners. In some cases, the state laws will permit the owners to get the compensation plan for themselves (as their own staff members) if they want.
Some states also don’t require 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 workers 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 companies take measures to make sure that their workplace is safe, but accidents do take place, and livelihoods are lost as a result. Thus, getting workers’ compensation insurance will safeguard both you and your employees in the event of an accident.