Workers' Compensation Pompano Beach
Workers' Compensation offers benefits to members of your staff for any illnesses or injuries they sustained on the job. This coverage can help with missing wages and medical care, among other expenses.
Comprehensive, affordable, and easy coverage is available not just for your employees, but for your company as well. Whether your company is established or is just starting, you will need to get this type of insurance if you have anybody on your payroll.
What is Workers' Comp Insurance?
Accidents happen, regardless of how careful you are or what your business does. Thankfully, Workers' Compensation is capable of providing important benefits to you, as well as your employees. Everybody will ultimately be protected if an unfortunate illness or injury were to be sustained at the workplace.
Your employees and business will be protected by Workers' Compensation, which covers the following:
- Missed Wages for ill or injured workers as they take time off from work.
- Medical Expenses to care for and treat any ill or injured workers.
- Vocational Rehabilitation to take care of an employee if they require ongoing care for recovery. This will help the individual return to work in better health.
- Compliance with State Laws - avoid paying any state fines, nor will you be penalized for failing to cover your employees with the proper insurance.
- Minimize Out-of-Pocket Expenses - OCMI’s affordable Pay-As-You-Go our inexpensive, Pay-As-You-Go plans keep you protected from costly workplace illnesses and injuries.
- Lawsuit Protection - if you were to get sued by an employee, the business will remain protected. That is because employer liability coverage is a part of Workers' Compensation Insurance.
- Death benefits are attainable for funeral cost coverage in the event that a member of your staff dies as a result of some work-related occurrence.
Who Need Workers' Comp Coverage?
Pompano Beach-based businesses should have Workers' Compensation Insurance if any employees are on the payroll. As per the state law, companies part of the construction sector are obligated to get this insurance the second employee gets hired. Non-construction businesses must have Workers' Compensation when a minimum of four employees have been hired.
There are exceptions to the rule when it comes to Workers' Comp. Pompano Beach business owners should check with their state in order to determine if this type of coverage will be mandatory for the company they run.
Running your business without Workers' Compensation could put it at great risk for a civil penalty. When that happens, your company might be subjected to stop-work orders. This causes operations to be ceased until the applicable penalties have been paid. All laws must be adhered to as well.
Failure to comply with stop-work orders can result in a criminal charge. Just make sure that the coverage you get is in full compliance with Florida law. Employees that receive benefits will not be able to take your business to court for lost wages or injuries.
Keep Your Pompano Beach Business Protected
Pompano Beach-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 the state is "base-rated", insurance rates in Florida are state-mandated. All occupations have class codes assigned to their specific scope of work. The state will determine the percentage that is assigned to your class code. Workers' Compensation will be calculated once the company’s gross payroll gets multiplied by the insurance rate.
OCMI Workers' Comp provides simplified and affordable Workers' Compensation to companies, regardless of how many staff members are on payroll. We’ll be happy to answer questions for you if you have them. Stop your company from being susceptible to potential lawsuits, state penalties, and costly medical expenses. Get a FREE instant quote now!
Affordable Workers' Comp Insurance
Workers' Comp. Insurance is mandatory, as per Florida state law. However, there are some exceptions. It would do you well to speak with a state representative to see if your company must obtain workers compensation.
Neglecting Workers' Compensation coverage will put your company at great risk, financially speaking. You could be sued for a workplace injury and fined for not following the law.
$16.56 per emp
$18.52 per emp
$28.72 per emp
$19.16 per emp
Child Day Care
$6.04 per emp
$26.32 per emp
$20.04 per emp
$32.04 per emp
$31.32 per emp
Carp. Shop Only
$32.04 per emp
$11.92 per emp
$24.00 per emp
$19.52 per emp
$42.08 per emp
$38.92 per emp
$19.32 per emp
$35.60 per emp
$67.92 per emp
$36.00 per emp
$22.52 per emp
$37.00 per emp
$36.80 per emp
Call for Rates
Be mindful that Workers' Compensation Insurance will not only protect your employees – your company will be protected as well. The insurance you get must be in full compliance with state laws. Any employee that is entitled to benefits won’t be able to take you to court for lost wages or injuries they suffer on the job.
Why OCMI for Workers’ Comp Pompano Beach?
Pompano Beach business owners value our products because they are inexpensive and highly rated. OCMI Workers' Comp expedites the entire claims process and makes it as stress-free as possible. We help all sorts of business owners select a suitable type of Workers' Compensation that meets their needs. We will make sure that the one you choose fulfills all business and state requirements, sans the hassles and extra costs that sometimes go with them. In short, we simplify the process of getting affordable coverage.
Some Industries We Service
FAQ's: Workers' Compensation Pompano Beach
Below you will find answers to our most commonly asked questions about Workers' Compensation Insurance Coverage in Pompano Beach, Florida.