Workers’ Compensation Insurance in Florida
Explore workers’ compensation insurance options for Florida employers. Learn about coverage considerations and request help from Faraon Insurance.
Let us help you make sure you're adequately covered for workers comp. We'll get you a great rate and keep your business going strong.
What is Workers' Compensation Insurance?
Workers' compensation is a form of insurance providing wage replacement and medical benefits to employees injured in the course of employment in exchange for mandatory relinquishment of the employee's right to sue his or her employer for the tort of negligence.
Additional Information about Workers' Comp Insurance
While plans differ among jurisdictions, provision can be made for weekly payments in place of wages (functioning in this case as a form of disability insurance), compensation for economic loss (past and future), reimbursement or payment of medical and like expenses (functioning in this case as a form of health insurance), and benefits payable to the dependents of workers killed during employment (functioning in this case as a form of life insurance).
General damages for pain and suffering, and punitive damages for employer negligence, are generally not available in workers' compensation plans, and negligence is generally not an issue in the case.
Handling it all on our own can feel overwhelming.
We realize that managing workers' comp coverage, facilitating payroll, and making sure your truck is covered requires time, manpower, and the right set of skills. Staying compliant is a burden that often becomes overwhelming when you don't have a trusted partner to rely on. We exist to take care of that administrative burden so that you can get back to business and thrive.
Guides for employers and trucking companies
- Florida requirements: Who must carry workers’ comp in Florida, exemptions and official sources.
- Cost factors: Payroll, job classifications, experience mod and audits.
- Workers’ comp for trucking companies: Drivers, warehouse and office staff, and how owner-operators differ.
What to have ready for a quote
- Legal business name, DBA, address and ZIP code
- FEIN, type of business and a description of operations
- Years in business and website, if any
- Total employees, and full-time and part-time counts
- Employee job duties and number of employees per classification
- States where employees work, including anyone outside your home state
- Average weekly payroll
What can affect your premium
- Payroll in each job classification
- The class code rate for each type of work
- Your experience modification (claims history)
- State, carrier and available credits
- Safety practices and claims management
- Accuracy of payroll and classifications at audit
Workers’ compensation questions
What is workers’ compensation insurance?
It provides wage replacement and medical benefits to employees injured in the course of employment. In exchange, employees generally give up the right to sue their employer for negligence. Plans differ by state.
Does my Florida business need workers’ compensation?
Florida construction employers with one or more employees generally must carry it, and most non-construction employers must once they have four or more employees. Exemptions and exceptions exist, so confirm with the Florida Division of Workers’ Compensation.
How is the premium calculated?
Mainly from your payroll in each job classification, the rate for that classification and your experience modification, adjusted for credits and surcharges. An audit compares estimated and actual payroll.
Are owner-operators covered by workers’ comp?
Owner-operators and independent contractor drivers are generally not covered by workers’ compensation and often look at occupational accident coverage instead. Classification depends on the law and the facts, so ask us about your situation.
What should I do if an employee is injured?
Get medical care first, then report the injury to your insurance carrier promptly and keep records. State deadlines apply, so verify them with your carrier or the state.