IBKB Can Help You with Your Workers' Compensation Insurance Needs!

We insure businesses in Florida, Georgia, North Carolina, South Carolina, and throughout the Southeast!

What is Workers' Compensation Insurance?
Workers compensation laws were created to ensure that employees who are injured on the job are provided with fixed monetary awards. This eliminates the need for litigation and creates an easier process for the employee. It also helps control the financial risks for employers since many states limit the amount an injured employee can recover from an employer.

Workers Compensation Insurance is designed to help companies pay these benefits. As a protection for employees, most states require that employers carry some form of Workers Compensation Insurance. Workers Compensation Insurance is not health insurance. Workers Compensation is designed specifically for injuries sustained on the job. 

In most states, if you have employees, you are required to carry Workers Compensation coverage. 
 

Policies &Coverages:

• Workers’ Compensation & Employers Liability
  
• Waiver of Subrogation  
  
• Increased Employer Liability limits
  
• Other States Endorsement--For employees outside your home state
  

Risks Entertained:

• All classes of business Small & Large Employers 
• High Experience Modification Factors 
• Multi State Operations   Worldwide Coverage

• Dividend Plans (guaranteed & loss sensitive)
• Retroactive Plans (paid loss & incurred loss) 
• Retention Plans 
• Large Deductibles

Services:

• Monthly self reporting programs
• Workplace Safety programs
• Drug Free workplace programs
• Florida Construction Classification Credit (FCCPAP)
• Experience Modification Analysis & Projection
• Pay as you go through payroll companies
• Employee leasing programs
  
  
  

Do I need workers compensation insurance?
Employers have a legal responsibility to their employees to make the workplace safe. However, accidents happen even when every reasonable safety measure has been taken. 

To protect employers from lawsuits resulting from workplace accidents and to provide medical care and compensation for lost income to employees hurt in workplace accidents, in almost every state, businesses are required to buy workers compensation insurance. Workers compensation insurance covers workers injured on the job, whether they're hurt on the workplace premises or elsewhere, or in auto accidents while on business. It also covers work-related illnesses.

Workers compensation provides payments to injured workers, without regard to who was at fault in the accident, for time lost from work and for medical and rehabilitation services. It also provides death benefits to surviving spouses and dependents. 

Each state has different laws governing the amount and duration of lost income benefits, the provision of medical and rehabilitation services and how the system is administered. For example, in most states there are regulations that cover whether the worker or employer can choose the doctor who treats the injuries and how disputes about benefits are resolved. 

Workers compensation insurance must be bought as a separate policy. Although in-home business and business owners policies (BOPs) are sold as package policies, they don't include coverage for workers' injuries.

Special rules apply to contractors.  Please see FUBA's "A Contractor's Guide to Workers' Compensation."

Thank you for your interest in Insurance by Ken Brown, Inc.
Begin your quote request here or contact us.

If you would like to speak to one of our professional insurance agents please feel free to call our office at 800-940-1543.

We work with clients covering the entire state of Florida including Orlando, Tampa, Jacksonville, Miami, Fort Lauderdale and throughout the Southeast including Atlanta.

Additional Resources:
Workers' Comp Coverage Requirements and Exemption Information from FUBA
Florida Supreme Court Workers' Compensation Case Decision
Florida Workers Compensation and Independent Contractors