Workers’ Compensation Insurance Quotes
At Kirstein Insurance Services, of Boca Raton, Florida, we are experts when it comes to finding the right workers’ compensation insurance policies for small- to medium-sized employers. If you own a business in Florida, and have employees, you need to have workers’ compensation insurance. It’s that simple.
Why Workers’ Comp Insurance?
A good workers’ compensation policy will protect the employer, because the employee who has been injured on-the-job gives up her or his right to sue their employer in exchange for receiving benefits related to their injury. It really is a “win-win” arrangement: the employee gets medical benefits to help them recover from their work-related injury, in addition to wage replacement benefits, and the employer is protected as well, saving money on potential lawsuits.
Who Needs Workers’ Compensation Insurance?
According to Florida law, all businesses with more than three (3) employees are required to have a workers’ compensation insurance policy. Additionally, anyone in the construction industry, with more than one (1) employee is also required to have workers’ comp insurance.
Parts of a Worker’s Compensation Policy
Did you know that there are six individual parts to a workers’ compensation insurance policy? It is important that you, as the employer, know these parts our insurance agents will be glad to answer your questions and explain each so that you understand how the policy works.
Part 1: The definition of the coverage — in this case workers’ compensation — that is included in the policy.
Part 2: The definition of the employers liability coverage included in the policy.
Part 3: The definition of the coverage provided in other states, where it develops during the policy year.
Part 4: The specification of the duties of the insured in the event that there is an on-the-job or work-related injury.
Part 5: The procedure for rating.
Part 6: Any and all conditions that apply to the specific policy.
Every Florida employer needs to have a good workers’ compensation insurance policy: not only is it required by law, it is an excellent, affordable investment to protect your business and your employees. For more information, including free, no-obligation workers’ comp insurance quotes, please contact Florida’s premier insurance agents at Kirstein Insurance Services, today. We’re here and looking forward to answering your questions, providing the essential information, and assisting you in determining which workers’ compensation policy is right for you and your business.