Florida workers compensation,
placed properly.

All necessary medical treatment for work-related injuries. Doctor visits, hospitalization, surgery, prescriptions, physical therapy. No employee out-of-pocket cost.

Typically 66.67% of average weekly wage replacement after a 7-day waiting period. Temporary total, temporary partial, and permanent benefits depending on injury severity.

Limited coverage for lawsuits by injured workers in specific situations. Typically $100K/$500K/$100K limits standard. Important for protecting business owners against gap claims.

Premium starts with payroll. Each employee's work is assigned an NCCI class code, and each code carries a rate per $100 of payroll. A misclassified employee, such as an office worker coded as field labor, is the most common reason a comp premium is wrong.

Once a business has enough premium history, NCCI calculates an experience modification factor from its own claims compared with similar employers. 1.00 is average. Below 1.00 lowers the premium and above 1.00 raises it. Frequent small claims tend to move a mod more than one large claim.

A comp policy is priced on estimated payroll and trued up by audit after the term ends. Underestimate payroll and you get a bill. Pay subcontractors who carry no coverage of their own and the auditor can add what you paid them to your payroll. Collect a current certificate from every sub before the work starts.