Workers Compensation is Assurance for Employer & Employee Alike
If you’re a business owner in Florida, it’s important to have the appropriate insurance protections in place if an employee is injured on the job. Trying to obtain workers compensation coverage after the fact simply will not work. In other words, you need to be covered in advance. That’s exactly what a proper workers compensation policy does: It ensures that an injured worker's medical and financial needs are taken care of when accidents happen.
What is Workers Comp? Who Needs It?
As a Florida employer, you have an obligation to ensure a safe work place and the law requires a business to have Workers Compensation Insurance. Workers Comp insurance can provide the coverage to protect you from unpredictable occurrences.
Workers compensation insurance spreads and shifts the risk for on-the-job employee injuries from employers to insurance providers. Doing so protects the business from work-related claims and legal exposure. Business owners can breathe easier knowing employees will be properly cared for if an accident happens without posing a threat to the company’s profitability or to its solvency.
And workers compensation provides reimbursement regardless of who’s at fault for an on-the-job injury. If the injury occurs during the normal scope of normal job duties, workers compensation will pay all applicable benefits.
What Does Workers Compensation Cover?
Workers Compensation covers several expenses related to a worker's recovery from an on-the-job incident:
- Lost-time payments
- Medical care reimbursement
- Rehabilitative services payments
When Should I Carry Workers Compensation Insurance?
Employers conducting work in the State of Florida are required to provide workers’ compensation insurance for their employees. Specific employer coverage requirements are based on the type of industry, number of employees and entity organization. Therefore, having a premier workers compensation policy is recommended by FHC Insurance Agency. Plus, if an employee sustains an on-the-job injury, responsibility for related medical payments and lost wages will ultimately fall on you, the business owner.
For more information regarding Workers Compensation in the Sunshine State, or to file your Workers Compensation Exemption, you can visit: http://www.myfloridacfo.com/division/wc/
For a Free Workers Compensation Insurance Quote, Contact FHC Insurance Agency
At FHC Insurance Agency, we’re dedicated to helping all our clients in Florida make informed coverage decisions. That’s why we’re here to answer your every question regarding workers compensation or about any of our other numerous commercial insurance products.
If you’re ready to partner with a Florida Workers Comp insurance agency that puts your coverage needs above profits, call FHC Insurance Agency today at (239) 301-4430. For a free online workers comp insurance quote, fill out the form on this page.
We look forward to partnering with you to assure the health and wellbeing of your employees—and of your business, too!