Running a Small Business?
Check Your Insurance

Unfortunately, many small businesses fail when it comes to proper small business insurance coverages. If you own a small business or are thinking of starting a small business, here are some things you need to know when it comes to insurance for small business.

When Is Workers Compensation Required?

The type of business - defined by classification codes as either construction or non-construction - and the business structure are the key factors in determining whether workers compensation coverage is required.

Florida law requires business owners to have workers' compensation under the following circumstances:

• Workers' Compensation insurance is required for any non-construction business employing four or more people including corporate officers.
• Workers' Compensation insurance is required for any construction business with one employee, including any non-exempt business owners.

What Is Workers Compensation?

What Does Workers Compensation Cover?

Workers' compensation coverage provides medical and partial wage replacement benefits to employees injured as a result of work-related activity. In most instances, having insurance coverage also protects the employer from a civil lawsuit by an injured employee.

In Florida, this coverage is provided by a workers' compensation policy, secured by the employer.

Applications for election of coverage or exemption from coverage must be filed with and approved by the CFO Sink's Division of Workers' Compensation. These applications have specific requirements and may require submission of additional documentation. Applications and instructions are available at the Division's web site at www.MyFloridaCFO.com/wc.

For more information on workers' compensation insurance, call the DFS Bureau of Compliance toll-free at 1-800-742-2214, the Workers' Compensation Employer Customer Service Center at (850) 413-1601, or visit the Division's Web site at www.MyFloridaCFO.com/wc.

Request Workers Compensation Insurance Quote