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4 Reasons Why Your Business Needs Workers Compensation Insurance

4 Reasons Why Your Business Needs Workers Compensation Insurance

Employers who conduct work in the State of Florida are required to slip and fallprovide workers compensation insurance for their employees. Coverage requirements depend on the type of industry, amount of employees, and nature of the organization. By having worker’s compensation, companies can administer wage replacement payments, reimbursements for medical expenses, as well as any additional benefits an employee may need while suffering from a work-related injury or illness.

  1. Wage replacement benefits. If an employee becomes hospitalized due to becoming injured or severely sick at work because of the carelessness of someone else, they will have to take time off of work to recover. Because the accident happened on the job, not only will you have to give the employee time off, you’ll still have to pay their wages. The amount of money you will have to pay could be a huge loss for your business. However, if you have worker’s compensation insurance, you can prevent this loss. A percentage, if not all of the wages will be covered by your insurance, which saves your company a lot of money.
  2. Medical benefits. In addition to paying your employee’s wages in the event they become hurt on the job, you will also have to pay for their medical expenses. Depending on the length of time the individual spends in surgery or recovery, the specific equipment that is used, required testing which is performed, and any special care needed for treatment, the hospital bill charges could cause irreparable financial harm to your business.
  3. Funeral coverage. The Florida’s workers compensation system will pay a death benefit if the employee dies within one year of the date the work-related accident happened or within five years of continual disability relating to an occupational illness or injury. The money paid will help to cover funeral expenses, weekly payments to eligible dependents, and educational benefits to the surviving spouse.
  4. Retraining costs. When an employee returns to work, they may require retraining or rehabilitation for their current or new job. Re-employment services may include job-seeking skills, vocational counseling, job analysis, transferable skills analysis, job placement, training, and education, or other services which are appropriate in helping an injured employee return to work.

Having necessary worker’s compensation insurance coverage is a wise investment that helps protect your business and employees. With so many things at risk, it’s imperative to keep up with the exact coverage required by the state of Florida.

Professional Employers Resources Inc. (PER), provides workers compensation for all of its clients. PER will assume all administration tasks relating to the required policy while working directly with the carrier to minimize costly escalated claims and creating light duty work, which helps get employees back on the job as soon as possible. Contact us today at 888-599-4991 to learn more about the importance of carrying worker’s compensation coverage.



Partnering with PER has allowed our rapidly growing business to focus on our core competencies. We are now able to confidently handle HR issues professionally and offer “large company” Employee Benefits to attract the best talent in our industry.

Sunit - President - Luxury Travel Agency - Orlando, Florida

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