Prepare for the Worst: Get Workers’ Compensation Insurance

Compensation InsuranceAll places of business, regardless of the industry they belong in, need to implement a proper health and safety policy. This written statement detailing the different aspects of safety management will help prevent workplace injuries, accidents, and even fatalities.

However, you cannot just rely on your Workplace Health and Safety (WHS) management program. For organizations in Florida, workers compensation insurance is a must-have.

Who needs to satisfy the laws surrounding this insurance?

The State of Florida has quite the rigorous laws when it comes to worker safety. This is why it requires all employers with four or more employees to purchase workers’ compensation insurance. This applies to both part-time and full-time workers. All organization belonging in the construction industry, regardless of the number of workers they employ, need to get this.

Law-mandated protection for both employee and employer

The Workers’ Compensation Law in Florida aims to quickly and efficiently bring medical and disability benefits to employees who sustained injuries while working. It also helps make the process of returning to work easier for the injured worker. This compensation system in FL protects not just employees, but the employers as well. Through the maintenance of the proper amount of coverage, organizations can make sure their injured workers receive sufficient compensation while also protecting the business from major financial losses.

Immunity against lawsuits filed by workers and/or their families

Workers’ compensation insurance also brings immunity to the holder against lawsuits or legal responsibilities filed by someone working for the company (or a family member). These people can sue employers found not complying with the state’s Compensation Law.

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You don’t want anyone in your company getting into an accident and sustaining injuries, whether minor or major. However, anyone can get involved in one. This is why you shouldn’t underestimate just how powerful a protection compensation insurance is for both you and your precious workers.