Is Workers Compensation Insurance Required in Florida?

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The workers compensation program was designed to provide financial security to employees that have been injured while on the job. It works by having employing companies pay the medical costs of the injuries as well as part of an employee’s lost wages, if that employee qualifies for it. This is primarily done through workers compensation insurance, which is purchased by companies to offset the cost of a payout. Is this kind of insurance required of employers by law?

Like most aspects of workers compensation law, the specifics are governed on a state by state basis. In the State of Florida, it is indeed a legal requirement for companies with more than four employees to have workers compensation insurance. Companies that perform work in Florida, though may not necessarily be based in Florida, are also required to have insurance for workers compensation on employees that are doing the work.

Even if it was not a legal requirement, workers compensation insurance is still a valuable asset for a company to have. After all, the cost of medical bills and related expenses are far greatly than what one would normally pay through insurance. When an employee is injured, it is the insurance company that pays, rather than the employing company, so this can be invaluable if such a circumstance arises.

Remember that workers compensation is a right granted to any employee that is injured while on the job. If you are an employee that has sustained an injury while on the job and your employer or insurance company is refusing to pay, you may have grounds for a lawsuit. We at the Franco Law Firm have the skill and experience to help you through every step of your case and see just compensation won for you. To learn more about how we can serve you in this role and to schedule a free consultation today, please call us at (813) 872-0929.

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