Workers Compensation in the Sunshine State: Assurance for Employer & Employee Alike
If you’re a business owner, 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?
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?
Even if you're business is not legally required to carry workers compensation, at FLB Insurance, we strongly recommend purchasing coverage for your workforce. 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 FLB Insurance and Risk Management Inc.
At FLB Insurance, we’re dedicated to helping all our clients 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 build a partnership with a Florida Workers Comp insurance agency that puts your coverage needs above profits, call FLB today at 239-205-1500. Or for a free online workers comp insurance quote, just fill out the form on the FLB Contact Page. We look forward to partnering with you on the health and wellbeing of your workforce!