Workers Compensation Information
Florida Workers’ Compensation Insurance
As a full-service, independent agency, Laurenza Insurance strives to offer only the best in personalized insurance services to all central Florida residents. If you’re a resident of Casselberry, greater Seminole County or the surrounding region, then we’re here to make your search for quality benefits simple, efficient and affordable.
Critical to your risk management and compliance strategy is a workers’ compensation insurance benefit. It will be there to assist employees if they sustain injuries on the job, while freeing your business from liability for the accident. It’s a crucial benefit that no company should be without.
Call us at (407) 261-2363 or request your free workers’ compensation insurance quote now!
Common Workers’ Compensation Questions
How does workers’ compensation work?
When employees get hurt on the job, the ramifications could be far-reaching. They might face costly medical bills, long recovery times and a loss of income due to an inability to return to work. Workers’ compensation will provide financial support to the employee on behalf of the business. That way, they won’t face the prospect of having to fund their recovery entirely on their own.
Who needs workers’ compensation?
Any employee in any business could benefit from the assistance provided by workers’ compensation. This benefit is a crucial component of job security for most American workers, and as a result, most states require most businesses to carry a policy.
In Florida, requirements for workers’ compensation apply if your business meets the following conditions:
Construction Industry - One (1) or more employees, including the owner of the business who are corporate officers or Limited Liability Company (LLC) members. For a list of the trades considered to be in the construction industry see 69L-6.021 Florida Administrative Code.
Non-Construction Industry - Four (4) or more employees, including business owners who are corporate officers or Limited Liability Company (LLC) members. Please note: Non-construction industry Sole Proprietors or partners in a Partnership are not employees unless they want to be included on the business' Workers' Compensation Insurance policy and file a form DWC 251 with the Division of Workers' Compensation.
Agricultural Industry - Six (6) regular employees and/or twelve (12) seasonal workers who work more than 30 days during a season but no more than a total of 45 days in a calendar year.
Contractors are required to make certain that all sub-contractors have the required Workers' Compensation Insurance before they begin work on a project. To see the documentation that is required from a sub-contractor, see 69L-6.032 Florida Administrative Code.
If the sub-contractor does not have Workers' Compensation Insurance for its employees, those workers become the employees of the contractor. If an injury occurs, the contractor is responsible for paying the benefits for the work related injury, illness or fatality.
Out of State Employers must notify their insurance carrier that they are working in Florida. If there is no insurance, the out of state employer is required to obtain a Florida Workers’ Compensation Insurance policy with a Florida approved insurance carrier which meets the requirements of Florida law and the Florida Insurance Code. This means that "Florida" must be specifically listed in Section 3A of the policy (on the Information Page).
An Extraterritorial Reciprocity clause in the home state’s statute allows some out of state Employers to work in Florida temporarily using their home state’s Workers' Compensation insurance policy.
Certain exemptions for coverage will apply.
Source: Florida Chief Financial Officer
What does workers’ compensation cover?
By carrying workers’ compensation insurance, you free your business from significant liability when it comes to responsibility for employee injuries. When an employee agrees to take workers’ compensation, they usually must agree not to sue the company over their injury, except in limited circumstances. Therefore, simply by having a policy in place, you’ll be creating a manageable vessel that you can use to manage employee injuries.
Numerous injuries can qualify an employee for workers’ compensation. These include:
Repetitive motion injuries
Toxic exposure injuries
Injuries sustained in commercial vehicle accidents
At the time of applying for workers’ compensation, the affected employee must follow all steps required by their insurer to document their claims. The insurer will then follow policy rules and local regulations to determine the precise amount of compensation to which the injured party is entitled.
What does workers’ compensation insurance cost?
With the assistance of your workers’ compensation insurance agent, you can determine the policy that will best fit within your overhead budget. Costs vary between plans, but we are committed to helping you find a policy that meets all compliance standards without forcing you to pay excessively.