Workers’ Comp Insurance Coverage
Regardless of precautions taken, it’s a resounding fact that accidents can happen. This is especially true for Florida companies — regardless of the size and scope of the business operation. Incidents resulting in injury or death may occur, and it’s not a topic of discussion business owners welcome; however, it’s necessary to address to confirm long-term workers’ compensation protection for all parties involved.
At King Insurance Partners, we’re experienced in securing workers’ compensation coverage for Florida businesses. For decades, our agents have partnered one-on-one with business owners in Gainesville and surrounding communities. If an on-the-job injury occurs, workers’ comp reimburses costs associated with medical care, rehabilitation, and lost wages for workers. It also covers death benefits for dependents. For business owners, workers’ compensation protects against the financial burden of lawsuits initiated by injured employees or their families.
Workers’ Compensation Coverage for Gainesville Businesses
The process of establishing workers’ comp coverage varies depending on the state business is conducted. Florida law requires employers establish workers’ comp insurance for their staff members. Compliance is regulated through the Division of Workers Compensation within the Florida Department of Financial Services. Although this agency is not responsible for adjusting claims, it acts as a resource to confirm claims are adjusted accurately. At its core, workers’ comp insurance will:
- Pay for an employee’s medical treatment
- Replace lost wages if an injury requires time off work
- Secure the insured business and its assets
Our agents are knowledgeable of the workers’ comp statutes and rules pertinent to your business. Whether you operate a small shop or a large manufacturing institution, we assist in determining adequate, cost-effective coverage.
Along with injures incurred within the workplace, work comp insurance in Gainesville comes into play wherever employees are serving within the “course and scope” of their job duties. In fact, one of the principal causes of workers’ comp claims are car accidents that occur when employees are on the clock.
Additional instances are accounted for within your business’s workers’ comp policy, such as natural disasters, violence in the workplace, and occupational illnesses. It’s also important to recognize workers comp coverage is not included within a traditional Business Owners Policy (BOP). Instead, it’s offered as a standalone purchase.
Protect Your Business With Workers’ Compensation
Locking in workers’ comp insurance may be perceived as a complex process. At King Insurance Partners, however, we’re available to guide our clients toward a fitting, streamlined resolution.
Ongoing service extends after a policy is in place. Our agents continuously monitor changes in workers’ comp regulations and educate clients on developments relevant to their businesses. We’ll work with you to keep premiums at a minimum, providing advice on accident prevention and ways to take advantage of savings available within the state.
The workers’ comp policies we institute are backed by coverage from our collection of trusted carriers. After taking time to determine the fitting protection for your business, we’ll shop for coverage from these workers’ compensation insurance companies on your behalf.