What Employers Need to Know About Florida Workers Compensation

As an employer, knowing the potential implications of a worker filing a worker’s compensation claim is quite important. Workers compensation benefits provide coverage for any medical expenses and the lost wages that were incurred during the workers time off. There are two types of protection that an employee and employer have under workers compensation insurance. One is workers compensation and the other is employer liability. Workers compensation pays for the claim made by the employee, while the employer’s liability protects a company against potential lawsuits brought by the employee or the employee’s family.

Along with knowing how workers compensation works, there other important things to know about worker compensation insurance.

• Workers compensation insurance is required in all 50 states for employers.
• If your business involves the construction industry and you have one or more employee, you need to provide Florida workers compensation insurance. You are exempt from worker’s compensation requirements if not in the construction industry and have less than four employees.
• By knowing how the system works you can cut costs and save on your insurance premium.