Florida Workers’ Compensation Insurance

This insurance pays benefits to your employees if they are injured while on the job. Specifically, it covers their medical bills, a portion of lost wages, vocational rehabilitation and death benefits. State law sets the coverage amount, so benefits do not vary from company to company within the same state.

It covers all the employees of the small business. Make special provisions 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.

Benefits paid to employees generally include:

• Unlimited reimbursement of medical expense
• A portion of lost wages
• Some vocational rehabilitation
• Survivors’ death benefits

There is no single price, because insurers rate each business on its own details. The biggest factors are the ones our quote form asks about:

• Your payroll and how it splits across job duties, since each duty has its own rate
• Your number of full- and part-time employees and which owners are included
• Your annual sales
• Whether you work outside Florida
• Whether you use subcontractors and whether they are insured, since uninsured subcontractors can be added to your premium
• Your management experience
• Your claims history

Fill in the form above and we will compare options from the insurance companies we represent.

In Florida, construction businesses must carry workers’ compensation as soon as they have one employee. Other businesses must carry it once they have four or more. Owners who are corporate officers or LLC members count as employees. Eligible officers and members can apply to the state for an exemption. Sole proprietors and partners outside construction are not counted, but they can choose to be covered with the Notice of Election of Coverage (Florida Division of Workers’ Compensation).

Even if you are not required to have it, your business is still responsible for any accident or employment disease or illness that an employee may incur.