Florida Workers Compensation Coverage for Concrete + Tile Companies
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Companies and contractors that do concrete, tile, and stone work in Florida are required by Rule 69L-6.021 in the Florida Administrative Code to buy worker’s compensation insurance for their employees. This part of the administrative code requires all construction-related companies to provide worker’s compensation insurance for their employees; companies that do concrete, tile, and stone work are considered to be construction-related, so they are subject to this part of the code as well.
Finding a good worker’s compensation policy can be difficult for certain concrete, tile, and stone companies, as well as other companies that do construction-related work. Many insurance companies are reluctant to provide worker’s compensation insurance to companies that do construction-related work because the chances of injury when working in these industries is high. NPN Brokers, however, resolves to help small construction-related companies get the coverage they need to protect themselves and their employees. Call (866) 340-9120 for more information about getting a free and confidential quote today.
Understanding Workers Compensation Requirements in Florida
It is important for employers to buy worker’s compensation insurance for their employees. Worker’s compensation insurance is important for employers to have because it protects them from being sued by employees that are injured “in the course and scope” of the job. Worker’s compensation insurance protects employees as well by ensuring that they will be compensated for injuries sustained while working; when an injured employee files a worker’s compensation claim, they can receive money that covers the costs related to their injury, which may be medical costs or the cost of lost wages and income. Worker’s compensation insurance can also cover the costs associated with death for employees that die while working.
It’s also important for employers in Florida to get worker’s compensation insurance because they are required to under Rule 69L-6.021 in the Florida Administrative Code. According to this part of the administrative code, companies that do construction-related work in the State of Florida must get worker’s compensation insurance for their employees, as long as they employ at least one person. Subcontractors that work in a construction-related field are also required to get worker’s compensation insurance.
The construction-related field is a broad category that applies to various jobs in the construction industry, which includes contractors and companies that do concrete, tile, and stone work. The category of jobs that are deemed “construction-related” also includes farm machinery operators, electricians, roofers, landscapers and tree removal specialists, and more.
The Cost of Worker’s Compensation in Florida
The cost of insuring companies that do construction-related work is high because the risk of injury—and subsequent claims—is high. Industries are assigned codes by the National Council on Compensation Insurance, and the price of insurance for each industry is determined by a formula.
The formula for determining the price of insurance for an individual company is based on three factors: the risk associated with that industry’s class code, the size of a company’s payroll, and the company’s experience modification factor, which is the company’s history of worker’s compensation claims. The prices given for insurance are usually given per $100 of an employee’s pay and is then scaled to match their yearly compensation.
Penalties that You or Your Company Can Receive for Failing to Get Worker’s Compensation Insurance
The consequences for failing to get worker’s compensation insurance for yourself or your business can be severe. Individuals or companies that fail to get worker’s compensation insurance are able to be sued by the employees that they didn’t cover, which means that the company itself will be responsible for paying for the injured employee’s medical costs and lost wages out-of-pocket. Also, the State of Florida may fine companies or individuals that don’t have worker’s compensation insurance, which could cost either $1,000 or twice the amount of the premiums that would have been paid during the time that the employee went without insurance.
Another possible consequence of failing to get worker’s compensation insurance is the loss of the right to conduct business in the State of Florida. Companies without worker’s compensation insurance can be issues a stop-work order that requires them to cease any further operations until they are fully compliant with Florida code.
Some employers may try to claim that an employee is actually an independent contractor, not an employee, so that they can avoid paying for their worker’s compensation insurance. Doing so can result in a fine of $5,000 or imprisonment for insurance fraud.
Get in Touch with NPN Brokers For a Quote Today
NPN Brokers can find worker’s compensation insurance to companies and contractors that do concrete, tile, and stone work. NPN can provide you or your company with a free customized quote today—just provide information about how old your business is, the date that you want coverage to start, the industry that you work in, and the number of employees that work for your company. Call (866) 340-9120 or visit our website to learn more about getting a worker’s compensation policy with NPN Brokers.