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Work Comp/ Bonds/ Vehicles Workers' Compensation: Overview: Workers' compensation is the oldest social insurance program; it was adopted in most states, including California, during the second decade of the 20th century. It is a no-fault system, meaning that injured employees need not prove the injury was someone else's fault in order to receive workers' compensation benefits for an on-the-job injury. The workers' compensation system is premised on a trade-off between employees and employers--employees are supposed to promptly receive the limited statutory workers' compensation benefits for on-the-job injuries, and in return, the limited workers' compensation benefits are the exclusive remedy for injured employees against their employer, even when the employer negligently caused the injury. This no-fault structure was designed to--and in fact did--eliminate the then prevalent litigation over whether employers were negligent in causing workers' injuries. Litigation is now over other issues, such as whether the injury was sustained on-the-job or how much in benefits an injured worker is entitled to receive. Also refer to Work Comp FAQs (Frequently Asked Questions) Get a Quote:
Bonds: Overview:
Principal Obligee Surety
Get a Quote: (Same Day Approval) Get an Improvement Bond
Overview: Commercial Vehicles such as contractors' trucks and vans need to be insured under a commercial vehicle policy (as opposed to a personal vehicle policy). Coverages on a commercial vehicle are similar to those of the personal vehicle. The distinction is that it is understood that the vehicle is being used in the course of business as opposed to commuting back and forth to work. These coverages are: Auto Liability: Pays for Bodily injury and/or property damage caused to a third party due to the insured's (or driver's) negligence Uninsured Motorist: Pays for Bodily injury to the driver and/or property damage to the insured's vehicle, due to the negligence of an uninsured or underinsured driver Comprehensive: Pays the insured for damages caused to the insured vehicle due to causes other than collision (such as fire, vandalism, etc.) Collision: Pays the insured for damages caused to the insured vehicle due to a collision with another vehicle or another object. For a commercial vehicle quote, please call our office at 1-800-723-5003 Get a Quote:
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When it comes to construction, the most common types of bonds are License Bonds, Bid & Performance Bonds and Improvement Bonds.There are three parties to a bond contract:
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