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.

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Workers Compensation Daytona, FL

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?

Who Needs 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).

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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

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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.

OCMI Workers Comp Logo
  • Instant same-day quotes.
  • Trusted by thousands of business owners.
  • Simple 3-step hassle-free process.
  • Affordable pay-as-you-go programs available.
Some Industries We Service
Florida Workers Comp for Construction Companies

Construction

Workers Comp Florida for Manufacturing Companies

Manufacturing

Workers Comp Florida for Hospitality Industry

Hospitality

Workers Comp Florida for Transporting Company

Transportation

Workers Comp Florida for Agricultural Company

Agriculture

Workers Comp Florida for Medical Company

Medical

Workers Comp for Landscaping Company

Landscaping

Workers Comp for Clerical Company

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.

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.
Not usually. While Workers' Compensation laws vary from state-to-state, most states don’t require sole proprietors to carry Workers’ Comp.
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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