Florida Workers Compensation Insurance - General Information

Florida requires all employers to carry Worker’s Compensation Insurance for all employees. There are exemptions for the coverage such as sub contracted laborers or sole proprietors, corporate officers, and partners of a corporation.

The Florida State has regulations for filing an exemption of worker’s compensation coverage that needs to be filed with the state agency for any and all exemptions.

When using a sub-contractor, they must provide proof of their personal Florida Worker’s Comp Insurance policy. To find out more information regarding the state mandatory coverage call 1-877-693-5236.

Accidents can happen at any time anywhere. Florida Worker’s Compensation is designed to help employees have medical coverage for work related accidents and continued income for lost work due to the injury.

Negative effect on Employers

Employers do not want to see their employees ever come to harm. Yet employers know accidents happen sometimes. The bad thing regarding worker’s compensation is the costs are based on the prior accidents and companies within the same industry that are uses as comparison for the ratings of the premiums called Experience Modification Ratings.

When a company experiences numerous accidents or job related employee injuries, the company will have increased Worker’s Comp Insurance premiums the following year after the incidents. In one aspect, the company will pay for the incident three times. Once by the costs of the treatment and lost wages to the employee while they are recuperating. Once by finding a replacement for the injured employee and paying the temporary replacement wages. Finally, by the higher worker’s comp premiums the following year.

Solution to problem

Workplace safety and employee safety education are the two major factors required to reduce the work related injuries. When a business uses both techniques, they will have reduced Florida Worker’s Compensation insurance premiums.

Begin this process by evaluating the safety of the workplace environment. Make sure any hazards are removed or placed in marked locations with proper signage notifying everyone where they are located. The hazardous items can be chemicals or electrically powered equipment that operates continuously and could be a hazard to employees.

Have employees wear protective work gear such as safety glasses, hard hats, steel-toed shoes, closed toe shoes for the factory or production line, and clothing without strings, cords, or loose fitting that may become caught in the moving parts of machinery.

Create a company Safety Policy and Procedure program. Educate the employees on the company’s safety preventions.

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