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Florida Worker's Comp. insurance quote, questions and answers.
- What is insurance for workers compensation?
- What does Florida workers compensation insurance cover?
- Who is it supposed to cover
- How does it work?
- Why do I need FL workers comp insurance?
- What factor affects my rates?
- Where can I find the forms I need?
What is insurance for workers compensation?
Florida workers comp insurance pays benefits to your employees if they are injured
while on the Florida job. Specifically, it covers their medical bills, a
portion of lost wages, vocational rehabilitation and death benefits.
Almost every state requires by law that employers carry some form of
it. Because the coverage amount is
established by state law, benefits do not vary from company to
company within the same state.
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What does Florida workers compensation insurance cover?
Benefits paid to employees generally include:
- unlimited reimbursement of medical expense
- portion of lost wages
- some vocational rehabilitation
- survivors death benefits
Benefits paid to employees generally include:
- Responses to lawsuits brought by injured employees or their
dependents for grossly negligent acts by the employer
- Protection against employee claims for pain and suffering and
loss of relationship in Miami and other places (except in North Dakota, Nevada,
Washington, West Virginia, Wyoming and Ohio)
Who does is it supposed to cover?
It covers all the employees of the
small business. Special provisions must be made if employees work
out-of-state. It can cover the business owner if the business is a
corporation, and the owner is actively involved in the business. It
does not cover independent contractors.
How does it really work and why?
When a worker suffers an injury, even a minor one, it is immediately
reported to the carrier. The employee
seeks necessary medical attention, and the carrier pays
the bills. If the employee misses work because of the injury, the
company pays the employee limited benefits for the lost
time. If the employee is not able to return to the job due to a
permanent injury, the insurer pays to re-train the employee for
another line of work. If the employee dies, the insurer pays a death
benefit to the employee's family.
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or have a Quick Question?
Why do I need FL workers comp insurance?
Most states require by law that employers provide insurance for workers compensation. Only businesses that pass strict financial
tests by the state can consider "self-insuring." Even if approved,
special measures usually must be taken to comply with the various
state laws. Failure to carry it exposes the employer to paying what
the insurer would have paid, plus severe fines, and possibly even
jail time for violating the law. The benefits can amount to hundreds
of thousands of dollars. The employer has a legal duty to make sure
employees get the legally mandated benefits without delay.
What affects my rates?
-
Size of payroll; premiums are based
directly on the amount of your payroll. The higher your
payroll, the more in premiums you will
pay!
-
Job classifications The cost
also varies widely depending on the work function of an
employee. In general, a premium for an employee who is a
roofer is much higher than a premium for a clerical worker.
Employers must accurately report payroll by classification of
work performed. Your insurance company can advise you which
classes apply to your employees.
Workers Compensation Forms
- Information Sheet for Quote
- Blank Resume Form
- State Exemption
Application
- State Election of
Coverage Application
Quick Question
Do you have a quick question for one of our agents? Let us know.
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