Workers' Compensation Insurance in Florida by Kelly Insurance

What is Workers' Compensation Insurance?

When an employee is ill or injured on the job, small business owners may be able to recover some of their medical costs and lost income thanks to workers' compensation insurance, commonly known as workers' comp insurance. Both death benefits and rehabilitation treatments may be covered under this policy. Another name for workers' compensation insurance is workman's comp or workman's compensation. The Kelly Insurance Agency has formed alliances with premier carriers to assist your business in obtaining the necessary coverage and security.

What does Workers’ Compensation Cover?

Workers who get sick or hurt at work are covered by workers’ compensation insurance. Typical advantages include:

Medical Expenses: Related doctor visits, hospital stays, surgeries, prescription drugs, and other treatments may be partially covered by this plan.

Lost Wages: It may pay a portion of an employee's usual salary if they are unable to work as a result of an illness or injury.

Rehabilitation Costs: It may include occupational therapy, physical therapy, or other types of rehabilitation that are necessary for the worker to heal.

Disability Benefits: If an employee becomes disabled due to an injury sustained at work, workers' compensation coverage may provide either short-term or long-term benefits. The terms of the policy contract apply to this payment, though.

Death Benefits: In the event that a worker passes away due to an illness or accident sustained at work, workers' compensation insurance can assist the person's dependents with burial costs and other financial support.

How does Workers’ Compensation Insurance Work?

Employers are required to abide by the workers’ compensation regulations established by each state. These rules guarantee that employers, regardless of fault, will pay for work-related illnesses or injuries.

Benefits are only payable to an employee in cases where their sickness or injury is related to their work or employment. Workers’ compensation insurance might, for instance, pay for injuries sustained when moving large machinery, slipping on a wet or slick surface, or getting hurt in an explosion or fire.

Workers’ compensation insurance won’t pay out if an employee gets hurt playing football with pals on a day off or in any other situation that isn’t related to their job.

Who Needs Workers’ Compensation Insurance?

In nearly every state, it is legally necessary to have workers’ compensation insurance. There are several worker exemptions, make sure you understand what Florida requires for your business.

Refusing workers’ compensation insurance exposes you to significant financial risk. You might be hit with fines for breaching the law in addition to being sued for workplace harm. By obtaining workers’ compensation insurance, you may shield your company from these hazards.

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