Construction Business Workers’ Compensation protects employees at your construction or contracting business. Workers’ Comp will cover any work-related medical costs, lost wages and illnesses. By law, every employer with one or more employees, must have Workers’ Comp Insurance.
First of all, every business owner is aware that physical labor can be the cause of a high-risk injuries to employees. As a result, this can place an enormous financial burden on the business. For example, if a roofer falls or has an accident with hot mop seal, it will add up the medical bills and the downtime. Here where the Workers’ Compensation Insurance comes in help. Workers’ Compensation Insurance can pay for medical and partial missed wage expenses. Other compensation types are- emergency room expenses and physical rehabilitation costs.
Workers’ Compensation protects construction business owners
When an employee develops an occupational illness, Workers’ Compensation Insurance also will cover the expenses for it. For example, if a painter is inhaling toxic paint for a long time this might cause serious health problems in the future. Workers’ Compensation Insurance will cover costs if an employee decides to sue.
Moreover, Liability Insurance comes with Workers’ Compensation Insurance. It will protect general contractors, roofing companies, and other construction businesses when an employee decides to sue a business owner over an injury. For example, Attorney’s fees, Court costs, Settlements are among expenses that Workers’ Compensation Insurance covers. If you not properly insured, then those kinds of expenses, mentioned earlier, can damage your business severely.
Workers’ Compensation protects self-employed contractors
Independent contractors should consider carrying Workers’ Compensation Insurance. First of all, if you get injured on the job, this policy can help pay your medical expenses. It can also provide part of the wages you lose while recovering. Second, your personal health insurance provider might deny a claim if your injury is related to your work. This can leave you paying these bills on your own. If you’re self-employed, it’s a good idea to check with the California Department of Industrial Relations to find out what your rights.