Workers Compensation Insurance
As a business owner, you have a legal responsibility to keep your employees safe while at work. Employers have a legal responsibility to their employees to make the workplace safe. However, accidents happen even when every reasonable safety measure has been taken. Workers Compensation provides payments to injured workers, without regard to who was at fault in the accident, for time lost from work and for medical and rehabilitation services.
It protects your business from lawsuits and provides employees with compensation for on-the-job injuries. Workers Compensation helps control the financial risks for employers since many states limit the amount an injured employee can recover from an employer.
By law, most employers are required to provide coverage for lost wages and medical bills incurred as a result of on-the-job accidents or illnesses. It also provides death benefits to surviving spouses and dependents.
Florida State Workers Compensation laws are an area of expertise for Professional Insurance Services. Our agents understand that without the appropriate Florida Workers Compensation insurance plan, you can risk setting your company up for financial loss or even criminal charges. You need to understand your rights and those of your employees if they are injured or become ill while working for you.
Florida Workers Compensation must be purchased as a separate policy, even if you purchase a package insurance plan.
Workers Compensation coverage can provide your company and your employees with the following:
- Medical expenses
- Lost income/wages
- Rehabilitation costs
- Death benefits
- And more…
With a Florida Workers Compensation insurance policy you can care for yourself and your employees if anything is to happen to them. More than ever, employers need solutions to help reduce the cost of insurance coverage and improve cash flow. Pay As You Go Workers Compensation allows employers to buy Workers Compensation with little money down and also helps protect them from audit exposure, since premiums are based on real-time payroll wages. Some Florida Workers Compensation carriers will offer their policy holders the opportunity to earn back a portion of the premium they pay in back in the form of a dividend.
Professional Insurance Services will help you determine which personalized policy is right for you. As a business ourselves, Professional Insurance Services understands how important it is to have the perfect Florida Workers Compensation program in place.