Workers' Comp West Palm Beach - OCMI Workers Comp

Business Workers' Comp 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:

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.

Types of Workers’ Comp Insurance

Traditional

Pay-As-You-Go

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.

Who do we approve?
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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.
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.

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.
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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