Workers’ compensation coverage pays for medical care and physical rehabilitation of employees injured at work and helps to replace lost wages while they are unable to work. Workers' comp also protects business owners from being sued by an injured employee.
Workers' comp for many business owners is the most expensive and difficult insurance policy to secure, but likely the most important considering your employees are probably your most valuable asset. In Florida, workers' comp policies are written by independent insurance companies, but the rates they charge are regulated by the state. This means your premium will not vary across companies. To determine your premium, every company simply multiplies your industry rate by your payroll amount - employee payroll is the mechanism used for determining your exposure. The only exception is leasing companies, and sometimes payroll companies, charge additional fees that drive up your premium - at Bradenton Insurance we don't do this - the premium you get through us is always the absolute best rate/premium available!
Workers' comp companies stay competitive with each other through dividend plans, but these are reserved for certain industries and businesses with specific payroll amounts/positive claim histories. At Bradenton Insurance, we represent many workers' comp companies and specialize in matching our clients up with companies that offer aggressive dividend plans whenever possible.
Regardless of the industry you conduct business in, it should be noted that once you hire one employee you are financially repsonsible for 100% of their medical bills and lost income should they suffer an injury on the job, even if the injury is a result of their own negligence. The potentially crippling consequences can be completely avoided with a workers' comp insurance policy.
Workers' Comp coverage can include:
Bradenton Insurance can help your business find complete solutions to your unique workers' comp insurance needs. We’ll find you the combination that creates safer and more productive workplaces, more confident and secure workers, and overall savings that you'll see on the bottom line.
We can find discounts on workers comp insurance you may not find on your own. Give us a call, or get a workers comp insurance quote online today.