Miami Florida Workers Compensation Insurance
Every state mandates specific laws for employers to offer worker's compensation insurance coverage to ensure that employees' finances are safe in the event of an unexpected work-related injury, illness, or death.
Each state has a different set of laws for worker's compensation insurance coverage, ranging from the percentages an insurer must pay, drug testing, safety standards, and the minimum amount of employees needed for coverage.
Worker's compensation insurance coverage protects the employer from complete financial liability and possible legal action. Instead of a huge liability cost, the employer pays a premium based on the size of the business, number of employees, and the amount of injuries the business has been accountable for in the past in comparison with other businesses in the same field and area. Each year a business's insurance premium can raise, lower, or stay the same depending on these factors.
Coverage of your employees blankets over a wide range of situations and affects of work-related injury. Worker's compensation covers the employee's medical expenses and provides a specific percentage of the employee's wages for the period they are unable to work due to injury. In case of death, coverage also spans to compensate a percentage of the deceased employee's wages to their family to keep them on their feet.
If an employee is no longer able to perform the duties of their previous position, worker's compensation insurance coverage will also cover the cost of training for another comparable position within the company, if available. Worker's compensation insurance coverage is a necessity to ensure the safety and peace of mind of all employees within a company in almost any incident-related situation.
Please call us today at 305-557-5578 for a free quote personalized needs assessment. We can tailor your policy in a way that best protects your investment!