Workers’ Compensation is not just a good idea to protect employees in the event that they get hurt while on the job but is required for Florida businesses. Many factors go into workers’ compensation coverage and are based on how many employees a business has and type of industry, among other considerations.
Simply put, Florida workers’ compensation insurance protects your employees should they get hurt on the job by offering compensation while they are recovering from those injuries sustained while performing their job.
Here are four things Florida businesses should consider workers’ compensation coverage:
What injuries could be covered?
Let’s say you own a restaurant and your employee spills hot coffee on their legs and sustains burns, or your warehouse employee strains their back after improperly lifting a heavy box. These types of injuries could be covered and should be reported. Again, that is why it’s imperative that injuries on the job are immediately reported so that businesses can avoid any penalties and the injury can be investigated properly. This helps protect your employees and your business.
How does compensation coverage work for employees?
Compensation for employees while injured on the job should include coverage for medical expenses and wages they are not receiving while healing and recovering from an on-the-job injury. These benefits are TTD or temporary total disability or TPD temporary partial disability. Documentation by a doctor is essential in determining eligibility for these benefits.
What are the most common workers’ compensation injuries?
Accidents happen and the most common injuries that tend to occur at the workplace include sprains and strains (related to the back), bruises, lacerations and fractures.
How can employers minimize or curb workers’ compensation injuries?
Depending on the level of risk related to your industry, a Florida business may want to hire a risk manager to help address and assess the risk to your employees. At a minimum, safety training courses should be in place and revisited often by new and long-term employees. Again, these safety training courses should be tailored to your Florida business’ industry. After all, accidents can and will happen.
This small bit of information is meant to provide general guidance for Florida workers’ compensation coverage. Take the time to meet with a Florida insurance agent to better understand your business’ risk and the right amount of coverage to protect your employees and your business. Got questions? Feel free to reach out to Mitchell Insurance Agency for answers.