Workers' Compensation West Palm Beach
Affordable, simple, and comprehensive insurance is available for both your staff and your business. It doesn’t matter if you’ve been in business for years or you are launching a brand-new start-up; if any employees are part of your organization, Workers’ Compensation is something you need to take seriously.
This type of coverage offers benefits for staff when they sustain work-related illnesses or injuries. Employees may receive wages for missed work time, medical care compensation, and much more.
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:
- Missed Wages to cover ill or injured workers as they take time off work.
- Medical Expenses to care for and treat ill and injured workers.
- Vocational Rehabilitation for injured employees who need regular care in order to help facilitate recovery.
- Compliance with State Laws helps you avoid penalties and fines imposed by Florida’s government. If your employees do not have the right insurance coverage, you will be penalized for it.
- Minimize Out-of-Pocket Expenses - OCMI’s affordable Pay-As-You-Go plans keep you safeguarded from expensive workplace illnesses or injuries.
- Lawsuit Protection in the event that an employee tries to sue you. Employer liability coverage is included with this type of insurance.
- Death benefits to cover funeral expenses if one of your employees passes away because of something work-related.
Who Should Get Workers’ Compensation?
West Palm Beach businesses should have this type of insurance if employees are on their payroll. As per Florida state law, companies in the construction sector must have coverage right after hiring an employee. Non-construction companies also need to have it once at least four employees are hired.
In some cases, you might be exempt from the need to carry Workers’ Compensation. West Palm Beach business owners should consult state representatives to determine if such coverage will be mandatory.
Running a business without the proper coverage could result in a civil penalty. When this happens, stop-work orders could be imposed on the company. You’ll be forced to cease operations until the organization is in full compliance with Florida law. Also, any outstanding penalties must be paid up in full.
Failure to comply with stop-work orders could lead to various criminal charges. To avoid such hassles, make sure the coverage you get abides by state laws. This will also prevent employees from suing you for lost wages or injuries – staff cannot take legal action if they choose to receive benefits.
Protect Your West Palm Beach Business with OCMI Workers' Comp!
West Palm 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?
West Palm Beach companies have class codes assigned to them associated with whatever their work scope is. The state of Florida establishes the percentage that is assigned to your code. To calculate Workers’ Compensation, the gross payroll is multiplied by the insurance rate. Since Florida happens to be a state with a base rate, insurance rates initially are state-mandated.
OCMI Workers' Comp provides simple and affordable Workers’ Compensation programs to companies, regardless of the amount of employees on their payroll. We’ll answer any questions that you have so you can get started. Stop your company from being vulnerable to a state penalty, potential lawsuits, or costly medical bills. Receive a FREE instant quote today!
Affordable Workers' Comp in West Palm Beach
In Florida, Workers’ Compensation is mandated by the state. There are some exceptions, so it would do you well to inquire about your business meeting the exception criteria. Consult a state rep to get the answer.
If you decide to not get Workers’ Compensation, you will be putting your company at a very high risk, financially speaking. You might 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
Workers’ Compensation will provide your business and your staff with protection. As long as the insurance you get is in full compliance with Florida law, employees that get benefits will not be able to take you to court for lost wages or injuries they sustained on the job.
Why OCMI for Workers’ Comp in West Palm Beach?
West Palm Beach-based businesses will receive quality insurance products inexpensively. We will expedite the entire claims process and make it smooth for you. OCMI Workers' Comp prides itself on helping those who run a business get Workers’ Compensation that fulfills all business and state requirements, sans the hassles and extra costs. In short, we can make it affordable and easy to obtain protection.
Some Industries We Service
FAQ's: Workers' Comp West Palm Beach
Below you will find answers to our most commonly asked questions about Workers' Compensation Insurance Coverage in West Palm Beach, Florida.