What Are the Three Types of Workers’ Compensation in Florida?
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Florida businesses that are required to carry workers’ compensation insurance also need to know the various claim types in case of an employee injury. So, what are the three types of workers’ compensation claims in Florida?
There are three broad types of workers’ compensation claims in Florida: medical, disability, and death. Strictly medical claims are often the simplest and least expensive. Disability claims can result in your insurer compensating for an injured employee’s medical treatments and lost wages for years to come. Death compensation claims can be costly, especially for businesses without the proper insurance coverage. Having workers’ compensation insurance protects your Florida business, regardless of which type of claim an injured employee files.
NPN Brokers wants to help you safeguard your Florida business. Our professionals can match your company with affordable coverage, regardless of your industry. To learn more about how the Florida workers’ compensation insurance brokers at NPN Brokers can help you, visit our website or call today at (866) 340-9120.
The Three Types of Workers’ Compensation Claims
Generally, employers in Florida must be aware of three workers’ compensation claim types. Should an employee get injured at work, employers should be prepared for one of three types of claims.
The most common types of workers’ compensation claim a Florida employer can expect are medical, disability, and death claims. These are broad categories that encapsulate various employee injuries. Each type of claim can result in different amounts of damages toward an injured employee, depending on the severity of the injury.
Employers in Florida need to have a well-rounded understanding of the three types of workers’ comp claims to be prepared if an employee is injured. That being said, having reliable workers’ comp insurance coverage means your Florida business can handle any of the three workers’ compensation claim types.
Medical Workers’ Compensation Claims
Out of the three types of workers’ compensation claims in Florida, a medical claim is the least daunting for an employer. When an injured worker only requires medical attention and no compensation for lost wages, they will likely file a medical workers’ compensation claim with your insurer.
A strictly medical workers’ compensation claim only compensates an injured worker for the medical care necessary to treat their injuries. Say an employee was mildly injured at work and doesn’t need to take any time off. In that case, the employee may file a medical workers’ compensation claim with your insurer to cover the cost of the necessary medical treatment.
These claims only cover medical costs and will not compensate an employee for lost wages. That is because the injured employee may not have missed any work due to the nature of the injury. That being said, your Florida business should still have workers’ compensation insurance to cover the cost of even the most minor of medical treatment. Skilled brokers, like the ones at NPN Brokers in Florida, can match your business with affordable coverage. Many Florida businesses are required to carry workers’ compensation insurance to protect them from the cost of even the smallest employee injury that results in medical attention.
Disability Workers’ Compensation Claims
Disability workers’ compensation claims can be more complicated than medical claims. That’s because there are many potential disabilities categorized under disability claims in Florida. These can range from inconvenient to highly expensive for a business if it does not have proper insurance coverage.
In Florida, disability workers’ compensation claims can range from partial to permanent total disability. Partial disability refers to an employee injured at work who is unable to perform at their job for the time being. For this type of claim, your company’s insurer will likely have to cover the medical cost of treatment and any lost wages for the time period that an individual cannot work.
On the other side of the spectrum, permanent total disability refers to an injured employee who can never return to their previous job. To prevent financial liability for this type of disability workers’ compensation claim, Florida businesses should work with a skilled broker, like those at NPN Brokers, to find insurance coverage to protect them. Otherwise, your business may be financially impacted by a worker’s injury for years to come.
Disability workers’ compensation claims often require your insurance carrier to pay out a settlement amount for as long as an employee cannot work or is receiving medical care. This can be a long time depending on the severity of the injury, so having a reliable insurance carrier is essential for Florida businesses.
Death Workers’ Compensation Claims
If an employee’s work-related injuries result in their death, their family may file a death workers’ compensation claim with your insurer. In Florida, employers can be liable for large amounts in the event of an employee’s death, so having proper insurance is necessary.
While death workers’ compensation claims may be rare for your company or industry, having coverage is still important for your Florida business. Some industries, like construction, can be dangerous for workers and result in life-altering injuries. Your Florida business can find affordable coverage that protects it from financial liability in the event of an employee death by working with experienced professionals, like the workers’ comp insurance brokers at NPN Brokers.
The Florida Workers’ Compensation Act ensures benefits of up to $150,000 for families of an employee that has unfortunately died due to work-related injuries. If an injured worker dies due to their injuries within five years of sustaining them, their family can be entitled to the same amount, including funds for funeral expenses.
This final workers’ compensation claim type can be the costliest for Florida businesses in some cases. That’s why protecting your business by finding reliable workers’ comp insurance coverage is essential, especially if your industry is considered high-risk.
Our Florida Brokers Can Help Find You Workers’ Compensation Coverage
Finding affordable workers’ comp insurance is made simpler when you enlist the help of experienced brokers. To learn more about how the Florida workers’ compensation insurance brokers at NPN Brokers can help you, visit our website or call today at (866) 340-9120.