Florida employers can be fined if their company has insufficient workers’ comp coverage. If you’re unsure as to whether your company has adequate workers’ comp, your best bet is to call the workers' comp experts at A&B Insurance. A&B Insurance Agency in Jacksonville FL is proud to work with more than 50 insurance providers to offer you the lowest rates possible on business insurance policies, including liability insurance, key man insurance and workers'comp. Don't wait until something happens to wish you had insurance. Talk to the experts today at A&B Insurance Jacksonville FL to see how we can bring you peace of mind without breaking the bank.
In Florida, any employer with four or more employees is required to carry workers comp, regardless of whether the employees are employed full or part time. One exception to the rule is construction companies that are required to carry workers comp as long as they have one or more employees. That doesn’t mean that everyone in a firm needs to be covered. An officer of a company may opt out. To opt out requires the officer own at least a 10% of the company and he or she fills out a state mandated application to determine eligibility. Once completed and approved, the officer is barred from receiving any compensation should he or she be injured on the job.