The Importance of Workers Comp Insurance

If you own a business and have employees, you might need workers comp protection in place. Workers comp insurance is required to be carried by many companies, and if you are one of them, it is vital that you have the coverage in place at all times. You can find workers comp policies offered at many commercial insurance companies in Florida, so take the time to compare your options before choosing a policy.

Workers comp insurance is insurance coverage available to workers should they become injured while working on the job. The coverage is mandatory if you employee 12 or more people at your organization. You must also be able to help employees file claims if they have been injured at work, and submit all the paperwork to your insurance company.

It doesn’t matter the type of injury that an employee faces. If it occurs while on the job, the worker’s compensation insurance should pay for the insurance and medical bills. Of course, there’s a lot that goes into determining the rest of the money that can be paid out by worker’s compensation, and a drug test is required before the coverage will pay out any money aside from an initial visit.

It is the law that you have a worker’s compensation insurance plan in place at your employment if you have more than 12 employees. Without the coverage, you are at risk of many serious violations and expenses, and may be in hot water if there is an injury at your workplace without the coverage in place. It is never worth this headache when obtaining a policy is so very easy. Make sure that you are in compliance with state regulations and keeping your employees safe at all times and have workers comp in place at all times.