As an independent contractor in Zenia, 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 Zenia 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 Zenia CA 95595 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
Comprehending Workers’ Compensation Insurance and More
Many mid-sized businesses in Zenia will usually have at least a worker or two. Therefore, 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 Zenia CA is an insurance policy that offers wage replacement and medical expenditures to your workers 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 employer from punitive claims by their workers. In some cases, the suits can cause monetary damages leading to the business to become insolvent when the damages awarded are too high for the employer to afford. Therefore, this system of cumulative liability was adopted to fix the problem.
The compensation plans in Zenia differ 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 financial loss for the hurt staff member, payment or repayment of medical expenditures as well as benefits granted to the employees’ dependents in case of death.
As an entrepreneur, you should comprehend why such an insurance policy comes in handy. Apart from saving you from lawsuits that can damage your reputation, 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 controlled by the individual states and areas the business is located. Therefore, there isn’t a single guideline that is followed when awarding damages. Hence, when your company expands to other states, it would be prudent to learn from your attorney how the law operates in that location, and therefore you can adjust the policy appropriately.
Generally, damages sought for pain and suffering due to the carelessness of the company 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 employees at risk of injury just because 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 staff members who aren’t also owners. Sometimes, the state laws will allow the owners to get the compensation plan for themselves (as their own employees) if they want.
Some states also do not need the business to have compensation insurance plan in place if the staff members are exclusively paid on commission. Depending upon the state, the law may deal with uninsured specialists as employees 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. Many employers take measures to guarantee that their workplace is safe, but mishaps do occur, and incomes are lost as a result. Hence, getting workers’ compensation insurance will protect both you and your staff members in the event of an accident.