Cheap Workers Compensation Insurance Quotes Florida

Workers compensation insurance is an essential if you are a business owner in Florida. It is required by law and is classified based on the type of industry your business belongs in. Discover the state requirements on this type of insurance and how you can get cheap rates on your insurance coverage.

Cheap Workers Compensation Insurance

Is Workers Compensation Insurance Required in Florida?

Yes. All Florida companies and businesses must obtain workers compensation insurance for their employees, provided that you have four or more employees. Specifically, this type of insurance coverage is required for all companies in the construction industry.

Workers comp insurance is mandated by the state law. It is crucial for small businesses to offer protection against work-related injury, illness, or death. Employees benefit from it because it guarantees coverage for medical costs in the event of injury or illness. For employers, it can protect you from potential civil lawsuit resulting from workplace injuries or employer liability.

The specific requirements and rates for this insurance policy will differ based on the providers and your specific industry.

Tips for Buying Workers Comp Insurance

There are several options when it comes to providers of cheap insurance rates for workers compensation. However, you need to look beyond the cost when comparing quotes. You need to analyze the needs of your business (especially employees) and the risks involved when operating your business.

There are several factors you need to assess the extent of your coverage needs, to help guide your decision when comparing policies from different insurance carriers:

  • Number of employees
  • Payroll size
  • Nature of work
  • Risk involved
  • Existing state laws

Based on the information above, you can search for various insurance providers online to get the best price. Since you now know what type of coverage you need, you will be able to accurately assess which policy can offer the best protection for you and your employees.

Your insurance quotes will include a few key details. First off is the insurance premium, which is the annual cost of the policy (which will be paid on an annual, quarterly, or monthly basis). Next are the limits of liability. This will specify extent of your coverage and the amount that will be paid out when making a claim.

Your insurance quotes will also include the expiry date of your insurance coverage and loss runs. If you have any questions about your policy, you can contact the providers directly.

Cheap Workers Compensation Insurance

What if you are self employed?

The need to obtain workers comp insurance if you are self employed will be largely determined based on the nature of your work. If you work in the construction industry, this type of insurance is a must. But if you work in other industries with less risk of injury and you have less than four employees, then it is optional.

However, it is a good idea to get this coverage as a form of financial protection for your business. It will help cover for the medical and legal costs associated with injury, death, or lawsuits.

You can easily find cheap workers compensation insurance with the variety of providers to choose from. As long as you choose the right coverage, you can get the protection your business needs.

Cheap Workers Compensation Insurance Quotes Near Me

Cheap Workers Compensation Insurance Quotes Florida

Best Workers Compensation Insurance Companies

Division of Workers Compensation

1579 Summit Lake Dr, Tallahassee, FL 32317

(800) 342-1741


8181 NW 154th St Ste. 270, Miami Lakes, FL 33016

(305) 819-8618

Cheap Workers Comp Florida

1009 10th Ave W, Palmetto, FL 34221

(941) 216-2968

Fuba Workers Compensation

116 S Monroe St, Tallahassee, FL 32301

(850) 577-3030

Fl Workman's Compensation Insurance

1400 Oven Park Dr, Tallahassee, FL 32308

(850) 386-9200

Florida Workers Comp

6003 Honore Ave # 204, Sarasota, FL 34238

(941) 378-7400

National Workman's Comp Solutions

3119 SW 22nd St Suite #200, Coral Gables, FL 33145

(855) 852-0128

NPN Workers' Compensation Brokers

7118 Montrico Dr suite a, Boca Raton, FL 33433

(866) 340-9120