Workers' Compensation Pensacola
Comprehensive, easy, and affordable coverage is available for your staff and company. Whether your brand is established or you are launching a start-up, you should get Workers’ Compensation insurance if you have employed anybody in your company.
This type of coverage will provide benefits to staff if they sustain illnesses or injuries on the job. They will receive compensation for missing wages and medical care, among other expenses.
What is Workers' Comp Insurance?
Regardless of how careful you run your company, an accident is likely to happen at some point. Thankfully, Workers’ Compensation can provide benefits to your business and employees, helping everybody involved remain protected, should somebody sustain an illness or injury on the job.
Pensacola-Based businesses will receive the following protection:
- Missed Wages to cover ill or injured workers as they take time off from work.
- Medical Expenses to care for and treat injured and ill workers.
- Vocational Rehabilitation to help injured employees receive ongoing care and help them return to work in better shape.
- Compliance with State Laws which can help to avoid penalties or fines imposed by this state if you do not carry the proper coverage.
- Minimize Out-of-Pocket Expenses - OCMI’s affordable Pay-As-You-Go plans keep you safeguarded from expensive workplace illnesses or injuries.
- Lawsuit Protection if an employee tries to take them to court. Your business will remain protected, as employer liability insurance is part of Workers’ Compensation insurance.
- Death benefits to cover funeral costs for employees who pass away because of an incident that is work-related.
Who Need Workers' Comp Coverage?
Workers’ Compensation insurance should be carried if anybody is on your payroll. As per Florida state law, all companies in the construction sector are mandated to carry Workers' Comp coverage right after their first employee is hired. Non-construction entities need to carry this insurance as well after at least four employees have been hired.
In some instances, there may be exemptions from Workers’ Comp. Pensacola-based business owners should consult a state representative and determine if coverage will be mandatory for the company they run.
Operating your company without the necessary insurance coverage will put you at great risk for a civil penalty. When that happens, your company might be forced to cease operations because of stop-work orders. You won’t be able to restore operations until all penalties have been paid, and the business is in full compliance with all laws.
Failure to comply with stop-work orders may result in potential criminal charges for you. Avoid that by making sure the coverage you get adheres to state laws. You’ll bypass penalties as a result, and employees that get these benefits won’t be able to sue your organization for missing wages or injuries.
Protect Your Pensacola Company with OCMI Workers' Comp!
Pensacola-based businesses get an immediate quote if they have the information below ready:
Your preferred Coverage Start Date, EIN or SSN, and Business Overview (including details about your business).
Types of Workers’ Comp Insurance
How is Workers' Compensation Calculated?
Because Florida is "base-rated", insurance rates will be state-mandated, at least at first. All occupations come with class codes that are assigned to their specific work scope. The state will determine what percentage will be assigned to your business’s code. Workers’ Compensation will be calculated once your business’ gross payroll is multiplied by the coverage rate.
OCMI Workers' Comp provides simplified and affordable insurance programs for all types of businesses, regardless of how many staff are on the payroll. If you need answers to questions, we are here for you. Prevent your company from being susceptible to costly medical bills, state penalties, and potential lawsuits. Get your FREE instant quote today!
Affordable Workers' Comp in Pensacola
Workers’ Compensation is mandated by Florida state law. There are exceptions to the rule, so consult a state representative and inquire if your business needs to get mandatory coverage.
If you choose to forgo this type of coverage, your business could be a tremendous financial risk. You could be sued for a workplace injury and fined for not following 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 keeps your staff and business protected. The insurance you get is in full compliance with state laws. In doing so, employees won’t be able to file suit against you for lost wages or injuries if they receive benefits.
Why OCMI for Workers’ Comp in Pensacola?
Pensacola-based companies will have access to insurance products that are highly rated and very affordable. We can also expedite the entire claims process for you and make it stress-free. We are committed to assisting business owners select suitable compensation. We simplify the process of keeping your business and employees protected, and do so at affordable rates.
Some Industries We Service
Construction
Manufacturing
Hospitality
Transportation
Agriculture
Medical
Landscaping
Clerical
FAQ's: Workers' Comp Pensacola
Below you will find answers to our most commonly asked questions about Workers' Compensation Insurance Coverage in Pensacola, Florida.
Have Questions?
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