Florida takes its commitment to protect employees very seriously. With an estimated 2.8 million small businesses and 3.6 million workers, that requires significant workers’ compensation laws.
Saving money on workers’ compensation is possible, but Florida business owners must take some specific steps. These include the following:
Be vigilant about claims to reduce your Experience Modification Rate (Ex-Mod). Remember that your Ex-Mod is compared to similar businesses.
Getting workers’ comp insurance in Florida is usually relatively simple. A business owner can purchase insurance from any insurance agent operating within the state.
Note that not all agents in Florida offer workers’ comp, though, and it’s important to compare potential policies before deciding. Kickstand Insurance offers workers’ comp throughout Florida.
Employers that fail to purchase workers’ comp insurance in Florida face significant penalties. The most common outcome is that the state will issue a stop-work order, which requires the company to halt all operations until it complies with the law.
The business will also be fined and required to pay twice the amount it would have paid in annual premiums during the preceding two-year period. Criminal charges are also possible depending on the situation.
Start by filling out a short online form about your business. We’ll use that info to get you an estimated quote. Then, one of our experienced agents will contact you to review the quote and make sure you are getting the absolutely lowest rate possible for your business. Once the quote is finalized, you’re ready to buy the policy - often with coverage starting that day!
Why choose Kickstand for your Florida workers’ compensation insurance? Our unique process is streamlined and designed to help you get the coverage you need at the best possible rates.
Our expert agents work with you to tailor your coverage and provide guidance throughout the process. We also verify that your employees are classified properly and that you’re not paying for anything you don’t need. It’s all about attention to detail and outstanding customer service.
Ready to take the next step? Our online form takes just 5 minutes and we’ll provide you with a no-obligation quote and connect you with one of our expert FL agents.