Contact Tanenbaum Harber Insurance Group, serving Miramar, Broward, Miami-Dade, and Jacksonville, Florida, for advice and a personalized workers’ compensation insurance quote. 

Workers’ Compensation Insurance Requirements in Florida 

In Florida, workers’ compensation insurance is a legal requirement for most businesses—providing essential coverage for employees in case of work-related injuries or illnesses. The requirements vary based on the industry, number of employees and other factors. This insurance may help cover medical expenses, lost wages and rehabilitation costs. 

Florida’s requirements vary depending on the business type and the number of employees. Generally, construction businesses must have insurance if they have one or more employees, while non-construction businesses need it if they have four or more employees. Agricultural businesses require workers’ compensation insurance if they have six regular employees or 12 seasonal employees who work more than 30 days during a season but no more than 45 days in a calendar year. 

Consult your agent to understand how the state’s regulations apply to your organization. 

How to Get Workers’ Comp Insurance 

Securing workers’ comp insurance involves the following: 

• Evaluate your business needs, including the specific risks associated with your industry. Our agents can help you understand your options and tailor a policy to provide appropriate coverage.
• Obtain quotes to find a policy that fits your budget and meets Florida’s requirements. State laws are subject to change, so it’s crucial to work with an experienced agent to remain in compliance with state regulations.
• Choose the right policy to align with your business operations and offer appropriate workers’ compensation coverage. Each organization has individual needs that must be addressed by proper coverage to help ensure financial stability in the face of unexpected events.
• Reevaluate your company’s insurance needs and regularly review your coverage to ensure continuing compliance with Florida’s workers’ comp laws. 

Contact Us for Workers’ Comp Quotes 

A workers’ comp policy is designed to safeguard employers and employees from the financial impact of workplace accidents. Getting multiple quotes from reputable insurers for an ideal combination of coverage and price is crucial. 

Insurers set workers’ compensation insurance premiums based on several factors. These include the nature of the business, the company’s payroll size, employees’ job functions and the company’s claims history. Different job roles are assigned varying risk levels, which impact insurance costs. A company with frequent or severe claims history may face higher premiums, while a safer record could have lower costs. 

For expert guidance, contact Tanenbaum Harber Insurance Group. Our business insurance knowledge can help you navigate the requirements and find a solution that protects the financial stability of your company and employees.