Workers Comp Insurance Florida
Workers Comp Insurance provides benefits to employees for work-related injuries or illnesses including medical care, wages from lost work time, and more.
Easy, affordable, comprehensive coverage for your Florida-based business and employees. From start-up to established brands – every small business that employs a staff should consider having Workers Comp Insurance Florida.
What is Workers Comp Insurance?
Accidents happen, regardless of the type of business you operate. Therefore, Workers Comp Insurance Florida provides critical benefits to help you and your employees to be protected in the event of a work-related injury or illness.
Protect Your Business & Employees with Workers Comp Insurance
- Lost Wages for your injured or ill worker while they are off work.
- Medical Expenses to treat and care for your injured or ill worker.
- Vocational Rehabilitation if the injured employee is in need of ongoing care to help them recover and get back to work.
- Less High Out-of-Pocket Business Expenses - Pay-As-You-Go plans keep you protected from the high costs of workplace injuries or illness.
- State Law Compliance - Avoid fines and penalties imposed by the state for not having proper insurance coverage for your employees.
- Protection From Lawsuits - If an employee should sue, your business is protected because Workers Comp Insurance includes employer liability coverage.
- Death Benefits can be used to cover funeral costs, in case an employee happens to pass away due to a work-related incident.
Who needs Workers Comp Insurance in Florida?
It is recommended that a business owner carry Workers Comp Insurance if they have as few as one single employee. According to Florida state law, any company based under the construction industry is required to have Workers Comp Insurance coverage as soon as one employee is hired. However, non-construction companies must carry Florida Workers Comp Insurance as soon as they have four or more employees.
In addition, there are some instances where you may be Workers Comp exempt. Therefore, you will want to check with the state to find out if coverage is mandatory for your business category.
Operating without the required Workers Comp Insurance in Florida puts you at risk for civil penalties. In other words, you or your business could be subject to a stop-work order that requires you to cease all operations until your business complies with the law AND all penalties are paid.
If you choose not to comply with a stop-work order, the action could result in criminal charges. However, as long as your coverage is compliant with the state law, you can avoid penalties and your employees who receive benefits can’t sue you or your business for injuries or lost wages.
Get an Instant Quote for Florida Workers Comp Insurance
To get started please have the following information ready:
EIN or SSN, Business Overview (including details about your business), and your preferred Coverage Start Date.
Types of Workers Comp Insurance
How is Workers Comp Calculated in Florida?
Florida is "base rated", which means the initial insurance rates are mandated by the state. Every occupation has a class code associated with their scope of work and the state determines the percentage assigned for each code. Therefore, Workers Compensation is calculated by taking your gross payroll, multiplied by your Workers Comp rate(s).
OCMI offers affordable, simplified Florida Workers Comp Insurance programs, no matter how many employees you have. Above all, we are here to answer questions and to help you get a policy quickly. Do not leave your business open to state penalties, high medical expenses or potential lawsuits - contact us today for a FREE instant quote!
Affordable PEO Workers Comp Programs
It is required by law in the state of Florida to carry Workers Comp Insurance. Some worker exemptions exist, so you’ll want to check with your state to find out if coverage is mandatory for your business.
Choosing to forgo Workers Comp Insurance coverage puts your business at high financial risk. Not only can you face a lawsuit for workplace injuries, but you will likely be fined for breaking 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
In conclusion, Florida Workers Comp Insurance protects not only your employees, but also your business. For example, if your insurance is compliant with state law, an employee who receives benefits can’t sue you for their injury or lost wages.
Why choose OCMI Workers Comp?
At OCMI, we are a top-rated PEO Marketing Broker Firm delivering better rates while also also making the claims process fast and stress-free with unrivaled customer service. Our dedicated team is available to help you find affordable Florida Workers Comp Insurance Programs, fulfilling state and business requirements without the added hassle. In other words, we make it easy and affordable to protect and run your business.
Some Industries We Service
Frequently Asked Questions
Below you will find answers to the most frequently asked questions about Workers Compensation Insurance Florida.