Workers' Comp Insurance Coral Springs

Simple, affordable, and comprehensive coverage is available for your company, as well as the people on your payroll. Whether you are running an established brand or a start-up, all small businesses should consider getting Workers' Comp. Coral Springs-based businesses will have to if employees are on the payroll.

Workers' Compensation coverage offers benefits to staff members for illnesses or injuries that are work-related. They can receive compensation for lost wages and medical care, among other expenses.

Workers Compensation Coral Springs

What is Workers' Comp Insurance?

It doesn’t matter what kind of business you’re running – no one is immune from accidents. Thankfully, Workers' Compensation will provide your business and employees with critical benefits that keep everybody protected when work-related illnesses or injuries transpire.

Workers' Comp protects your company and members of your staff with the following coverage:

  • Missed Wages to cover ill or injured workers as they take time off work to get better.
  • Medical Expenses to take care of ill or injured workers affordably.
  • Vocational Rehabilitation ongoing care can help injured employees recover, expediting their return to work.
  • Compliance with State Laws - you won’t have to pay any fines, nor will you be penalized by the state 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, the business will be protected. That is because Workers Compensation Insurance comes with employer liability coverage.
  • Death benefits can be used to cover the costs of funeral expenses in the event that a member of your staff dies because of an incident that happened at work.

Who Need Workers' Comp Coverage?

Who Needs Workers Comp?

Coral Springs-based companies that have employees on their payroll, for starters. As per Florida state law, companies in the construction sector are obligated to get Workers' Compensation Insurance right after hiring an employee. Non-construction companies must also carry Workers' Compensation once the number of employees on their payroll reaches 4 total.

In some cases, you might not need Workers Comp. Coral Springs business owners should speak with a representative of the state and determine if mandatory coverage applies to them.

Running your business without the necessary coverage will put you at great risk for a civil penalty. When that happens, your company might be subjected to stop-work orders, preventing the business from running altogether. To get things running again, the company must be in full compliance with all relevant laws, and any outstanding penalties need to be taken care of.

If stop-work orders are not complied with, then criminal charges may ensue. Simply make sure that the coverage you get complies with Florida law. That way, you can bypass penalties imposed by the government. Also, employees that receive Workers' Compensation Insurance won’t be able to sue the company (or you) for lost wages or injuries.

Keep Your Coral Springs Business Protected with OCMI Workers' Comp

Coral Springs-based businesses can 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 a "base-rate" state, insurance rates will be state-mandated, at least initially. All occupations have class codes assigned to their specific scope of work. The state will determine what percentage will be assigned to your class code. Workers Compensation will be calculated by multiplying gross payroll by the insurance rate.

OCMI Workers' Comp provides business owners with simplified and affordable insurance programs, regardless of how many staff members are on the payroll. Feel free to ask us any questions - we will be more than happy to answer them for you. Prevent your business from being subjected to costly medical expenses, employee lawsuits, or state penalties. Receive a FREE instant quote!

Affordable PEO Workers' Comp Programs

Workers' Comp. is mandated by Florida law. There are some exceptions to the rule, so it would do you well to consult the state to see if mandatory coverage applies to your company.

You put your company at great risk, financially, if you forgo Workers' Comp. Coral Springs-based businesses may be subjected to lawsuits if an employee sustains an injury at the workplace. You may also be penalized 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



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 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 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.

OCMI Workers Comp
  • 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
Workers Comp Florida 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 Coral Springs

Below you will find answers to our most commonly asked questions about Workers' Compensation Insurance Coverage in Coral Springs, Florida.

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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