Workers' Compensation Daytona
Comprehensive, simple, and inexpensive coverage is attainable for your employees and business. Whether you are an established company or a start-up, Workers Compensation Insurance is something you need to seriously think about.
This kind of coverage offers benefits to staff for certain work-related illnesses or injuries. It can cover the costs of lost wages and medical care, among other expenses.

What is Workers' Comp Insurance?
Accidents happen from time to time, regardless of what industry a business is in. Thankfully, Workers Compensation Insurance can provide important benefits for business owners and organizations, protecting them when an illness or injury work-related transpires.
Workers Compensation can protect your employees and business by covering the following:
- Missed Wages for ill or injured workers while they take time off from work.
- Medical Expenses to care for ill or injured workers.
- Vocational Rehabilitation in the event that an injured staff member requires ongoing care as part of recovery, helping them return to work.
- Compliance with State Laws - The state of Florida will impose fines and penalties for lack of coverage.
- Fewer Expenses Paid Out-of-Pocket - OCMI’s affordable Pay-As-You-Go plans keep you safeguarded from expensive workplace illnesses or injuries.
- Lawsuit Protection - if you were to get sued by an employee, your company will be protected. That is because Workers Compensation Insurance comes with employer liability coverage.
- Death benefits can be used to cover funeral costs in the event that a member of your staff dies because of a work-related event.
Does Your Business Need Workers' Comp?

Your company should carry Workers Compensation Insurance if your company operates in Daytona, FL and employs a staff. As per Florida state law, all companies in the construction sector are obligated to have this type of coverage for each hired employee. Non-construction companies must carry Workers Compensation right after four employees become part of their payroll.
In some instances, exemption from Workers Compensation is possible. It is worth consulting the state in order to determine if mandatory coverage is applicable to your Daytona based company.
Running an organization without Workers Compensation Insurance can subject you to civil penalties – ones with high risks. As such, your company (or you) may be subjected to stop-work orders. This would force you to immediately cease work operations. Everything will stay suspended until the company is in full compliance with all laws. All penalties must be paid before reopening the business will be considered.
If stop-work orders are not complied with, then criminal charges may be laid. You need to be sure that the coverage you have is in full compliance with Florida law. In doing so, you can bypass potential penalties. Also, employees that receive benefits will not be able to sue your company (or you) for lost wages or injuries they sustain.
Keep Your Daytona Business Protected with OCMI Workers' Comp!
Daytona-based business owners can receive a quote immediately. Simply have the information below ready when contacting us:
Your preferred Coverage Start Date, EIN or SSN, and Business Overview (including details about your business).
Types of Workers’ Comp Insurance
Workers' Compensation: How is it Calculated?
As a state that is "base-rated", Florida mandates insurance rates, at least initially. Each occupation comes with class codes that categorize a specific scope of work. The state will determine what percentage will be assigned to your code. Workers Compensation gets calculated by multiplying the company’s gross payroll by its coverage rate.
We offer simplified and affordable Workers' Compensation Insurance programs that accommodate businesses throughout Daytona, regardless of the quantity of employees on their payroll. We will be happy to answer any questions that you have and help facilitate the process for you. Your business should not be left vulnerable to Florida’s penalties, potential lawsuits, or costly medical expenses. Get a FREE instant quote!
Affordable Workers' Comp Coverage in Daytona
Workers' Comp. is legally mandated by the state. Several exemptions do exist, though, so it is worth consulting your state in order to determine if insurance coverage will be mandatory for the company you run.
Declining Workers' Compensation coverage can put your company at great financial risk. You could be sued for a work-related injury, and may even be penalized for not respecting the law.
Janitorial
$16.56 per emp
Tile Installation
$18.52 per emp
Pavers
$28.72 per emp
Carpet/Tile Install
$19.16 per emp
Child Day Care
$6.04 per emp
Excavation
$26.32 per emp
Sprinkler Install
$20.04 per emp
Fence Erection
$32.04 per emp
Carpentry Interior
$31.32 per emp
Carp. Shop Only
$32.04 per emp
Hotels
$11.92 per emp
HVAC
$24.00 per emp
Iron/Steel Fab
$19.52 per emp
Masonry
$42.08 per emp
Painters
$38.92 per emp
Plumbers
$19.32 per emp
Road Construction
$35.60 per emp
Roofers
$67.92 per emp
Tree Trimming
$36.00 per emp
Farming
$22.52 per emp
Concrete Const.
$37.00 per emp
Plastering
$36.80 per emp
Staffing
Call for Rates
Workers' Compensation Insurance protects your business as well as your employees. If the insurance coverage you have is in full compliance with Florida law, then the employee who gets the benefits will not be able to take you to court for lost wages or injuries.
Why OCMI for Workers’ Comp Daytona?
Daytona-based businesses can receive high rated insurance coverage at inexpensive rates. We expedite the entire claims process, and our unparalleled customer service can make things stress-free for you. OCMI Workers Comp. helps company owners find suitable coverage that adheres to state laws and commercial requirements, sans the hassles and extra costs. In short, we make it easy and affordable to be protected.

Some Industries We Service

Construction

Manufacturing

Hospitality

Transportation

Agriculture

Medical

Landscaping

Clerical
FAQ's: Workers' Compensation Daytona
Below you will find answers to our most commonly asked questions about Workers' Compensation Insurance Coverage in Daytona, FL.
Have Questions?
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