For the people of Florida, an employer who operates their business with one or more employees must have workers’ compensation insurance. The coverage includes full-time, part-time employees; it includes seasonal and occasional workers.
According to Florida Law, recruiters buy workers’ compensation insurance before even starting the employee hiring process, since it aims to protect your employee from any work-related injuries. Buying this policy is relatively easier, and you need to meet the requirements to get the procedure.
Following are the four main advantages of getting workman’s compensation insurance to cover employee expenses, meanwhile ensuring your employees are receiving the proper treatment, and an after injury coverage.
Generally, all states provide the following common benefits;
The primary benefit of worker’s compensation when an employee files a claim is, receiving medical insurance. This claim helps in paying cost of medical expenses for treating workers for work-related injuries. The medical coverage includes; doctor fees, hospital treatment, medications, and medical equipment.
Additionally, an employee will receive this claim until they get completely recovered from their injuries. Henceforth, there’s no question of deductibles, dollar limits, and co-pays. The coverage might differ from other state, like a treatment covered in one state, but not applicable in other states.
A disability benefit will replace a portion of wages an employee loses while disabled due to occupational injuries. There are four categories of disability coverages;
• Temporary total
• Temporary partial
• Permanent total
• Permanent partial
Other benefits of workers’ compensation in most states are vocational rehabilitation for employees who cannot return to their previous job due to injuries caused by their work. The rehabilitation further provides a psychological benefit if the worker goes through any mental injury or work-related injury.
A death benefit is also granted to the worker’s spouse, family, children, and other dependents when the employee dies due to serious injury. Also, the insurance covers the entire funeral cost.
If you file a claim, you will be more likely to receive any of these benefits if your work causes the injuries. This type of insurance is a basic business part which you need to acquire before starting your business, especially if you’re going to hire a workforce.
Either you run a small or large scale business, workers’ compensation insurance is what you need.
- 1 What Benefits Does the Law Provide For Workers Compensation Insurance in Florida?
What Benefits Does the Law Provide For Workers Compensation Insurance in Florida?
In Florida, the primary benefit workers Compensation Insurance provide includes;
• Miss time coverage
• Mileage Reimbursement
But, the law doesn’t imply coverage for:
- Musical theater performers
- Temporary workers
- Licensed real estate brokers
How to file for Benefits in Workers Compensation Insurance in Florida?
The procedure starts with your notice of injury; you’re expected to tell your immediate boss within 24 hours that you got injured. A notice of injury will be generated and sent to your affiliated insurance company.
Next, an adjuster will get hold of you if there’s any specific reason behind not providing you money or medical benefit. It frequently happens that an insurance company have a grievance procedure where you have to go, and informally try to resolve the issue. Sometimes, that works, while other times, it doesn’t.
Then, the insurance companies file a petition for benefits, which starts you moving towards a merit hearing. It’s a bench trial without any juries in workers’ compensation. Once that petition is filed, it takes around a month to make things work, or all of a sudden, they start getting penalties, interest attorneys, fees tacked on to them.
What Implies in Workers’ Compensation Insurance Laws for the Different States?
Each state has its own respective laws for workers’ compensation insurance. Regardless of having mutual similarities, yet it’s imperative to know what specific requirement each state requires for workers’ compensation.
Let’s take California; according to Law in California, every trainee working for an employer must have workers’ comp. This includes employees with verbal and written agreements, and it further encompasses either lawfully or unlawfully employed workers.
Besides, California doesn’t require children and spouses to have coverage, nor does it require coverage for;
- Amateur sports officials
- Deputy Sheriffs
Law in Illinois – According to workers’ compensation law in Illinois, every person working either under a contract or for someone else ought to have coverage. Thus, workers doing risky jobs receive greater coverage by law.
But, here, no coverage is required for;
– Real estate brokers
– Salespeople working on commission
How Does Workers’ Compensation Insurance Can Protect Your Business?
Workers’ compensation helps in protecting businesses by;
- Providing benefits to employees that are concerned with professional injuries or sicknesses
- Helping injured employees get back to work in the same position or a new one
- Helps in limiting business’ liability in lawsuits for occupational injuries
- Ensures you’re running workers compensation program as per the law
On the other hand, your state law determines the major details of your workers’ comp coverage insurance, which includes;
– Number of benefits provided
– How have benefits and treatment been provided?
– What types of injuries does the insurance program covers The SFCIN is among the leading FL Workers’ compensation insurance companies that provide different types of compensation coverages like; flood, property or hazard, windstorm, commercial autos, homeowners, and to name a few. Your insurance policy needs to get renewed, or still looking for best source, come to us for life-time convenience!