Business Workers' Comp Needs in Orlando - OCMI Workers Comp

Business Workers' Comp Needs in Orlando

Reasonably-priced, simple, and all-inclusive insurance is obtainable for both your workforce and your enterprise. It doesn’t matter if you are unveiling an all-new start-up or have been around the block for a while – if your business hires people, Workers’ Compensation may be unavoidable.
Staff are provided with this coverage when they suffer illnesses or injuries on the job. They could be compensated for missing wages and medical care bills, among other expenses.

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?

Orlando businesses need this insurance if workers are part of the company. Construction companies need to get coverage after hiring someone, as per Florida state law. Non-construction enterprises have to get it after 4 employees are on payroll as well.

You may not need to carry Workers’ Comp. Orlando company owners must ask a state rep if this insurance is mandatory.

Types of Workers’ Comp Insurance

Traditional

Pay-As-You-Go

Affordable Workers' Comp in Orlando

In Florida, this coverage is mandated. Some exceptions are made, though. Ask a state rep if your organization must get this Workers Comp.
Orlando business owners who skirt this insurance will put the company at risk financially. You could be taken to court for a work injury and/or fined for not adhering to the law.

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

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FAQ's: Workers' Comp Orlando

Below you will find answers to our most commonly asked questions about Workers’ Compensation Insurance Coverage in Orlando, 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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