Workers’ Compensation Insurance provides medical benefits and wage replacement to employees injured on the job. It also protects your business from costly lawsuits related to workplace injuries.
In most Florida industries, yes. Contractors and construction businesses must carry Workers’ Comp coverage if they have one or more employees. Non-construction businesses generally need coverage with four or more employees. Always check state and industry-specific regulations.
Traditional Workers’ Comp: Your business purchases the policy directly from an insurance provider like NIS, and you handle claims and premiums.
PEO (Professional Employer Organization): The PEO co-employs your staff, handling payroll, taxes, and often Workers’ Comp under their umbrella policy.
The right choice depends on your company size, resources, and desired level of control.
Your premium depends on:
Industry risk level (e.g., roofing is higher risk than office work)
Payroll size
Claims history
Safety programs in place
NIS helps you implement strategies to reduce risks and potentially lower premiums.
Yes. Maintain a safe work environment, train employees in safety procedures, and have a return-to-work program for injured staff. A clean claims record can lead to significant savings.