Workers compensation insurance provides coverage to employees for an injury arising out of the course of their employment or job related activity(ies).

This coverage also provides the employer or business owner protection from the threat of a lawsuit by an employee who suffers a work-related injury.

This coverage is obtained by the employer and depending on the nature of the business certain requirements must be met. The type/nature of the business will be the determining factor as to when coverage will be required.

Non-construction businesses, employing four or more individuals will require that the business owner or employer secure workers compensation insurance for the business.

Construction trade businesses with at least one employee will also be required to secure workers compensation insurance.

In Florida the law requires business owners to purchase workers compensation, therefore it is important to know the facts.

Once coverage or exemption coverage are selected and obtained the business owner or employer will need to send the application for approval to the Florida Department of Financial Services, Division of Workers Compensation. These applications have specific requirements and it is necessary that you pay close attention to any additional documentation required by the department.

Workers compensation insurance coverage includes workers compensation and employers liability. The workers compensation portion pays for a claim made by an employee. The employer's liability portion pays the cost of defending the business owner against any lawsuit filed against him/her or the company.

Workers compensation premiums are based on the nature of the business. Depending on the job the employees perform and the number of hours they work, each job is assigned a classification code. Higher risk jobs normally pay higher premiums. It is important that you and your agent review your job classifications on a regular basis to ensure that you are not paying more than necessary and that you are insured properly. It is also important to review your payroll and make sure that the proper payroll numbers are being used to compute your premium.

Workers compensation insurance is important. It is required by law and it is an employer's legal responsibility to ensure a safe workplace for their employees. Do not wait until it is too late to secure coverage. Call us and let us help you.

Please note that the information on this site is intended for general information purposes only. In no way does the information on this site specifically refer to coverages reflected on your current and/or future insurance policy; please make certain to review your current policy in detail.