Workers’ Compensation Insurance in Bradenton, FL
Workers’ compensation insurance can help businesses handle the financial side of unexpected injuries at work. It provides a structured way to support employees while helping companies meet their legal obligations.
Who Needs Workers’ Compensation Insurance?
Most businesses with employees need workers’ compensation insurance. Requirements vary by state, but when you hire staff, coverage often becomes mandatory.
Florida law requires most businesses with four or more employees, whether full-time or part-time, to carry workers’ compensation insurance.
Key points to consider:
- Sole proprietors and partners may be exempt, but coverage is still recommended.
- Construction businesses must provide coverage if they have even one employee.
- Out-of-state employers with employees working in Florida must also comply with state regulations.
These requirements are strictly enforced, and non-compliance can result in significant fines or business closure.
What Does Workers’ Compensation Cover?
A standard Florida workers’ compensation policy may include:
- Medical care for work-related injuries or illnesses
- Partial wage replacement during recovery
- Compensation for temporary or permanent disabilities
- Death benefits for employees’ dependents in case of work-related fatality
- Legal liability coverage for employers
How Our Team Supports Bradenton, FL Businesses
At Lakewood Financial Services, Inc, we work closely with small and mid-sized businesses in Bradenton, FL to assess your risks and help you meet all Florida workers’ compensation requirements. Our team can help you:
- Determine the right level of coverage for your business
- Understand your legal obligations
- Implement workplace safety programs to reduce claims
- Navigate the claims process if an injury occurs
Let Lakewood Financial Services, Inc help you secure workers’ compensation insurance. Contact us today to get a free quote.