Being a business owner is a huge responsibility. You must protect your biggest asset, delegate responsibilities, take care of finances, and manage business operations. When you open your company in Florida, you must first contact a great Florida workers comp insurance provider. Many people wrongly assume that workers comp only protects employees, but that is just faulty information. Your Florida workers comp insurance provider can explain how workers comp insurance protects you and your business as well as your employees.
A Florida worker comp insurance provider can tell you everything you need to know about workers comp in your state. The laws do vary by state, industry, and even the number of employees a company has. Here’s everything you need to know about this special insurance and finding a great Florida worker comp insurance provider.
Who needs Florida workers comp insurance?
The answer is probably you and anyone else you know in the state of Florida. Your Florida workers comp insurance provider will tell you that it is not necessary for you to have workers comp insurance simply to open your business, but it is not a bad idea either. Florida workers comp insurance is not required by law until your business hires employees. Hiring even just one employee to help you out during the busy season means you need to purchase workers comp insurance from your Florida workers comp insurance provider.
While the state may not require your business to purchase workers comp insurance without any employees, some industry regulations may differ. For instance, small companies that provide services in the construction industry, like flooring installers, often need workers comp insurance to get work.
Many industry professionals will not hire smaller companies who do not carry workers comp insurance regardless of the number of employees or lack thereof. If you lay floors, paint houses, or offer any other type of construction industry service, you may need to contact your Florida workers comp insurance provider to purchase workers comp insurance before you can get work.
Why do companies need workers’ comp insurance in Florida?
Workers comp insurance protects both employees and businesses in Florida. It ensures that employees who are injured on the job receive immediate, adequate, and appropriate medical attention. Your Florida workers comp insurance provider will ensure that injured employees get the ongoing medical care they need to recover and potentially lost wages, too.
While your Florida workers comp insurance provider ensures that employees who are injured on the job get adequate ongoing medical care, they also protect your business too. In exchange for this care and these services, your injured employee gives up the right to pursue a lawsuit against your company. In this way, your Florida workers comp insurance provider helps protect your company from frivolous and potentially costly lawsuits levied by injured employees.
Contact your Florida workers comp insurance provider today.
If you are considering starting a business, contact your Florida workers comp insurance provider today. They can help you determine the amount of insurance you need to protect your business and your employees. Your Florida workers comp insurance provider can help keep your company in compliance with state and local laws while providing the documentation you need to work effectively. If you have questions or you just need a quote, contact your Florida workers comp insurance provider today.
