Business Workers' Comp Needs in Miami - OCMI Workers Comp

Business Workers' Comp Needs in Miami

Thorough, affordable, and easy coverage is available not just for your company, but your employees, as well. Whether your company is established, or you are running a start-up business, you really should consider getting Workers’ Compensation insurance if anybody is on your payroll.
Workers’ Compensation insurance offers benefits to your staff members for any illnesses or injuries sustained on the job. These individuals can be compensated for lost wages, medical care, and more.

What is Workers' Comp Insurance?

Accidents happen, regardless of how careful you run your company. Thankfully, vital benefits are available for your employees and your business. Everyone involved will receive protection if a job-related illness or injury were to ensue thanks to Workers’ Compensation.

Workers’ Compensation Insurance covers the following:

Who Should Get Workers’ Compensation?

Workers’ Compensation is necessary for anybody who has employees. As per Florida state law, companies in the construction sector must carry this type of coverage right after anybody is hired. Non-construction companies need to carry Workers’ Compensation insurance once at least four employees are on the payroll.
Workers’ Compensation does come with some exemptions. Consult a state rep to determine if coverage will be mandatory for the company you run.

Types of Workers’ Comp Insurance

Traditional

Pay-As-You-Go

Affordable Workers' Comp in Miami

The state mandates this type of insurance. There are exceptions to the rule, so consult a state representative and determine if coverage will be mandatory for the company you run.
If you forgot this coverage, your business could be at great risk, financially speaking. You could be subjected to a workplace injury lawsuit, as well as a fine for not following the law.

Who do we approve?
The list goes on and on...

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FAQ's: Workers' Comp Miami

Below you will find answers to our most commonly asked questions about Workers’ Compensation Insurance Coverage in Miami, Florida.
In addition to injuries that occur outside of work, injuries that occur intentionally, while commuting to and from work, or due to intoxication or substance abuse wouldn’t be covered by Workers’ Compensation.

It varies based on where the business operates. For example, certain types of employees, such as seasonal workers, may not be covered by Workers’ Compensation . Contact us at (800) 718-7552 and we’ll help you answer any state-specific questions you have about your coverage.

Workers’ Comp covers employees that are injured or suffer an illness while at work and may need medical attention, short and long term disability or therapy, loss wages and litigation if need be.
Workers’ Comp covers employees that are injured or suffer an illness while at work and may need medical attention, short and long term disability or therapy, loss wages and litigation if need be.
In short, a Workers’ Comp policy can cover a business in multiple states as long as they were approved by their carrier to operate in those locations.
Workers’ Comp is calculated by taking your gross wages, multiplied by your Workers’ Comp rate(s). Every occupation has a class code associated with their scope of work in which the state determines the percentage assigned to that code.
Workers’ Compensation is a line of commercial insurance where you must apply before being approved. Every policy must go through underwriting before a policy number can be assigned. This ranges from instantly up to a few days to be approved.
It is important to protect business owners and their employees in the event of an accident. Workers’ Comp protects the business from potential liability and ensures the safety and well being of employees.
It is recommended to carry Workers’ Comp if you have any employees. By law any company that is based under the construction industry is required to have Workers’ Comp coverage as soon as 1 employee is hired. Any company that is Non-construction is required to carry Workers’ Comp as soon as they have 4 employees or more!

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