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What is Workers’ Compensation?

Worker’s compensation, more often referred to as workers’ comp, is a vital component to understand when deciding to start or grow your business. Worker’s comp helps to protect your business from the financial risk associated with employees getting injured while on the job. The cost of a job related employee injury can be potentially devastating for a business so many states require you have it once you meet a certain threshold.

What’s Covered and What is Not

Most on the job injuries from encountered by employee’s will be covered by worker’s comp. However, there are a few exceptions which are listed below:

  • Employee injures themselves intentionally
  • Employee injures themselves in a fight that they started
  • Employees injure themselves while intoxicated on the job
  • Emotional injury sustained without physical damage
  • Some pre-existing conditions

More often than not on the job injuries will qualify for worker’s comp so its important that when an issue arises that you document all of the information correctly and get the proper care as soon as possible. This will minimize any sort of issue you may have.

Workers’ Comp Laws in Florida

Workers’ comp in Florida is required by law and there are serious penalties for not carrying the proper coverage for your employees. Worker’s comp law is not the same for every business in the state. The law varies by industry and requires these different industries to follow different regulations.

Construction

Any business in the construction industry that has 1 or more employee, including the owner or corporate officers, is required to carry workers compensation insurance.

Non-Construction

If your company is not involved in the construction business and you have more than 4 employees, including any owners, then you will also be required to provide workers’ comp coverage to your employees.

Agricultural

Any company dealing with agriculture that has more than 6 employees or 12 seasonal workers (workers who work for more than 30 days a year but no more than 45 days in that same year) must carry worker’s compensation insurance.

Contractors

Any contractor working on a project or for another business must also satisfy the above workers’ comp requirements.

Exemptions

There are some exemptions for business owners in case they would like to opt out of coverage for themselves. Here is an article on who exactly qualifies for those exemptions.

Still Have Questions About Workers’ Comp?

Our experts at AllianceHR are always here to help you and your business with any HR related problems you may be having. Contact us today to get connected to one of our representatives.

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