What is Considered a “Dangerous Industry” for Workers’ Comp Insurance in Florida?

When it comes to Workers’ Compensation insurance, some industries are considered more dangerous than others in Florida. Learning if your company is considered dangerous is important, so that you can understand how this categorization might impact your Workers’ Compensation insurance requirements.

In Florida, construction is considered the most dangerous industry for workplace accidents and Workers’ Compensation insurance. Because of this, employers in the construction industry are required to purchase Workers’ Compensation coverage for their employees in Florida. Unfortunately, some carriers might hike up premiums for employers in a dangerous industry like construction. Fail to get coverage, and you might be financially liable for a worker’s injuries and face steep financial penalties for non-compliance in Florida. All that said, it’s possible to find affordable, flexible, and comprehensive Workers’ Compensation insurance in Florida, despite being in a dangerous industry.

Our brokers are here to help Florida employers in dangerous industries get the Workers’ Compensation insurance they need. To learn more about the Florida Workers’ Compensation insurance brokers at NPN Brokers, call today at (866) 340-9120.

Which Industry is Considered Dangerous for Workers’ Comp Insurance in Florida?

While workplace industries might happen anywhere, regardless of industry, one industry is considered more dangerous than all the rest in Florida. This is the case, especially regarding Workers’ Compensation insurance. In Florida, the construction industry is considered the most dangerous.

Employees in the construction industry tend to work in dangerous situations, using unsafe machinery day in and day out. The types of jobs and the tools used by construction workers, not to mention the hours spent working in hazardous environments, make construction the most dangerous industry in Florida. Many states consider construction a dangerous industry, especially for Workers’ Compensation insurance purposes.

Because Florida considers companies in the construction industry to be inherently dangerous, these companies are required to purchase Workers’ Compensation coverage. Insurance is required, regardless of the number of workers a business employs. Since the construction industry is so dangerous, and because of the higher risk of workplace injuries, Workers’ Compensation insurance is mandatory for construction companies in Florida.

The construction industry is relatively broad, including several lines of work that may be surprising to business owners. To learn whether or not your company is considered part of the construction industry, ask our Florida Workers’ Compensation insurance brokers. If it is, it may be seen as dangerous and in need of Workers’ Compensation coverage in Florida.

How Does Workers’ Comp Insurance Change if You’re in a Dangerous Industry?

In addition to requiring Workers’ Compensation insurance in Florida, businesses in the construction industry might experience difficulties when trying to get coverage. For less dangerous industries, policies might be cheaper. For those in the construction industry, finding affordable coverage might be harder.

Workers’ Compensation insurance companies might give higher quotes to businesses in the construction industry. In Florida, Workers’ Compensation insurance carriers calculate the price of premiums using various factors, including industry. Because Florida uses ratings from the National Council on Compensation Insurance, those in the construction industry already start at a higher rate for Workers’ Compensation coverage.

Policy prices might also increase when considering a business’s age and history of work-related injuries. This can be challenging for employers in a dangerous industry also in need of coverage. Unfortunately, operating in a dangerous industry like construction might change how Workers’ Compensation insurance companies present policy quotes.

However, that doesn’t have to be your reality. Insurance carriers don’t always hike the price of premiums unnecessarily because of a company’s industry. Employers should be able to identify too-high premiums that don’t appropriately reflect their risk of workplace injuries. Our Florida Workers’ Compensation insurance brokers can help employers in dangerous industries evaluate quotes from carriers to determine what is a fair price based on industry and what is not.

What if You’re in a Dangerous Industry and Don’t Get Workers’ Comp Insurance in Florida?

Dangerous industries are considered dangerous for reasons. Usually, these industries, like construction, see more workplace accidents than other industries. So, suppose you own a company considered part of a dangerous industry and fail to get coverage. In that case, you may be more likely to be financially liable for a worker’s injuries.

In the construction industry, workplace accidents are relatively common. Not because employers fail to maintain a safe working environment, but because the work itself is inherently dangerous. Because of that, having Workers’ Compensation insurance is crucial. Without coverage, you may be responsible for covering an injured worker’s losses after a workplace accident.

Not to mention, those in the construction industry are required to purchase Workers’ Compensation insurance in Florida. Suppose you’re a part of this dangerous industry and fail to get the necessary insurance. In that case, you might face serious fines and other severe consequences in Florida.

How Can You Get Workers’ Comp Insurance in Florida if You’re in a Dangerous Industry?

Getting affordable and reliable Workers’ Compensation insurance in Florida is still possible for businesses in dangerous industries, like construction. However, it’s important to know where to look. Our experienced brokers can help you find the Workers’ Compensation insurance you need at the right price, even if your company is part of a dangerous industry.

Although you might think owning a business in a dangerous industry might automatically increase your Workers’ Compensation insurance premiums, that doesn’t have to be the case. Our Florida Workers’ Compensation insurance brokers have relationships with carriers that don’t require audits, contracts, or deposits, even for construction companies.

There’s no need to agree to an expensive Workers’ Compensation insurance plan just because you own a company in a dangerous industry in Florida. Instead, you can find a flexible, affordable policy that reflects your business’s needs as part of a dangerous industry when you partner with our brokers.

Get Workers’ Compensation Insurance in Florida Today

If your company is part of a dangerous industry in Florida and needs Workers’ Compensation insurance, our brokers can help. To learn more about the Florida Workers’ Compensation insurance brokers at NPN Brokers, call today at (866) 340-9120.