Workers Comp
Insurance
No matter how hard you try, your employees can get hurt on the job. To cover on the job accidents, you will need workers compensation insurance coverage. Workers Comp can save you from costly lawsuits in case of on-the-job accidents and injuries. Equally important, it helps keep your employees healthy and, if injured, helps ensure that they get the medical treatment they require. It’s good for them and for your company.
To protect you and your business assets, we strongly recommend purchasing workers compensation insurance. In most cases, it is required by the state of Florida. Broward Hall Agency can help you review your workers compensation insurance needs and provide assistance when assistance with a worker's comp claim arises.- Lost Wages & Medical Costs
- If your employee is injured on the job, the least of issues involve lost wages and medical expenses. These basic needs will be properly covered for you, your company, and your employee. This makes your whole team stronger and more confident in the daily tasks they do and protects your business assets, too.
- Permanent Disability
- Sadly, your employee can suffer a more severe injury, such a lingering recovery that leaves them with a permanent disability. If this happens, it's vitally important that the employee (and your company) are insured to get the help they need during the recovery and rehabilitation process, which includes any long-term medical needs.
- Death Benefits
- In the event of a tragic loss of life while on the job, your company will be under duress. It will not be the best of time to determine what to do or how to help the employee's family. Workers Comp will be absolutely wanted and provide a lifeline to the family and a safety net for your company.
Popular Insurance Types
Here are the answers to common Workers Compensation Insurance questions.
Who Needs Workers Compensation Coverage?
You will need Wokers Comp if any of the following apply to you:
- ♦ If you are in an industry, other than construction, and have four (4) or more employees, full-time or part-time, you
are required to carry workers' compensation coverage (an exempted corporate officer does not count as an employee).
♦ If you are in the construction industry, and have one (1) or more employees (including yourself), you are required to carry workers’ compensation coverage (an exempted corporate officer or member of a limited liability company does not count as an employee).
♦ If you are a state or local government, you are required to carry workers' compensation coverage.
♦ If you are a farmer, and have more than five (5) regular employees and/or twelve (12) or more other workers for seasonal agricultural labor lasting thirty (30) days or more, you are required to carry workers' compensation coverage.
I’m a small business, am I required to carry workers compensation insurance in the State of Florida?
All construction-related companies must get coverage regardless of the number of workers they have on staff. The only caveat is if they can legally file an owner exemption. All non-construction companies with at least four or more part-time of full-time employees must buy worker’s compensation insurance.
If I decide not to carry workers compensation coverage, am I still responsible for employee injuries?
If an employee is injured on the job without workers' comp coverage, you become directly liable for their medical expenses, lost wages, and other related costs.
How much does workers compensation insurance cost?
The cost of Worker’s Compensation Insurance is based upon 3 primary factors: the payroll for the business, the type of work performed by the employees and the individual employer’s claims history.
Ask about insurance packages that can bring better coverage for up to 20% less cost.
Disclaimer: Above questions and answers are intended to be generalized information and may or may not be the specific wording of your insurance contract. Your specific policy contract coverages and definitions will prevail. For specific questions of coverage, please contact your insurance provider. Generalized questions are not an offer of coverage. If you would like an insurance proposal, please contact our office.