As an independent contractor in Yolo County, 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 Yolo County 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 Yolo County CA 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.
Comprehending Workers’ Compensation Insurance and More
Most mid-sized businesses in Yolo County will normally have at least a staff member or two. Hence, 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 Yolo County CA is an insurance policy that provides wage replacement and medical expenditures to your workers in case they are hurt. This policy is in exchange for obligatory forfeiture of their right to sue the company for compensation.
Why This Policy Is Helpful
This policy serves to safeguard the employer from punitive claims by their employees. Often, the lawsuits can cause monetary damages causing the business to become insolvent when the damages awarded are too high for the employer to manage. Thus, this system of cumulative liability was adopted to solve the concern.
The compensation strategies in Yolo County vary among jurisdictions. Nevertheless, in general terms, a kind of disability insurance through replacement of salaries can be adopted. There will also be compensation for the economic loss for the injured employee, payment or compensation of medical costs in addition to benefits awarded to the employees’ 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 track record, it also prevents you from shutting down due to high damages granted to the hurt worker.
The Policy Is Not Standardized
The workers’ compensation insurance plans are controlled by the individual states and areas the business is located. Thus, 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 learn from your lawyer how the law works in that location, and therefore you can adjust the policy accordingly.
Typically, damages sought for pain and suffering due to the neglect of the employer in addition to compensatory damages for the company are not covered by the workers’ compensation plan. Thus, 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 instance, small businesses (specifically sole proprietorships and collaborations) will not require the insurance coverage unless they have employees who aren’t also owners. In some cases, the state laws will allow the owners to get the compensation plan for themselves (as their own workers) if they wish.
Some states also don’t require the business to have compensation insurance plan in place if the workers are exclusively paid on commission. Depending on the state, the law may deal with uninsured contractors as employees 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. The majority of employers take measures to guarantee that their work environment is safe, but accidents do take place, and incomes are lost as a result. Thus, getting workers’ compensation insurance will protect both you and your employees in case of an accident.
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