In the State of Florida, employers are required to cover all medical expenses and related costs of an injured employee, regardless of whether state law mandates that the company have insurance. Since injuries can occur at any time and in any location, employers from Sarasota to Tampa and Lakeland are strongly encouraged to ensure they have adequate workers' compensation coverage.
Benefits for Injured Workers
Workers' Compensation provides a range of benefits to employees who suffer an injury on the job in Florida. These benefits are designed to ensure the injured worker receives the care and financial support needed to recover and return to work as soon as possible.
Medical Benefits
Workers' Compensation pays 100% of all authorized, medically necessary treatment for a work-related injury. This insurance includes doctor visits, hospitalization, diagnostic tests (like X-rays and MRIs), prescription drugs, physical therapy, and even mileage reimbursement for travel to and from appointments.
Lost Wages
Injured workers may be eligible for wage replacement benefits if they are temporarily or permanently unable to work. These benefits are typically a portion of the employee's average weekly wages. The specific amount and duration depend on the severity of the injury and the type of disability.
- Other Monetary Compensation: If an injury results in a permanent impairment that does not prevent the employee from returning to work, they may receive impairment income benefits.
- Death Benefits: In the tragic event of a work-related fatality, workers' Compensation can provide financial support to the surviving family, including funeral expenses and dependency benefits.
Workers’ Compensation Vs. Employer Health Insurance
While both policies have similar benefits, it is essential to note that workers’ compensation is not a replacement for employer health insurance.
Workers’ Compensation
Workers' Compensation covers injuries that occur on the job. The policy covers all authorized, medically necessary care, as well as a portion of lost wages.
Employer Health Insurance
An employer health plan covers all other injuries and illnesses that occur outside of work. The cost of premiums is often shared between the employer and the employee, and the employee is typically responsible for co-payments and deductibles. This type of insurance does not cover lost wages or provide disability benefits for an injury.
In short, if an employee gets sick with the flu, it falls under health insurance. If they get hurt on a job site, it falls under workers' Compensation.
Other Commercial Insurance Coverage Options
Depending on your business or industry, talk to your CIS agent about other insurance options that cover medical expenses, such as:
- Commercial Health Insurance
- Commercial Auto Insurance
- Commercial Property Insurance
Where to Get Coverage for Medical Expenses in St. Petersburg, FL
Commercial Insurance Specialists is a Trusted Choice independent agency, which reflects our commitment to providing exceptional service and a broad range of insurance options, including coverage for medical expenses and more. We understand that every business is unique, which is why we offer custom solutions to fit your specific needs and budget. We serve clients across multiple industries, including architects, locksmiths, and general contractors in Lakeland, Riverview, Sarasota, Safety Harbor, and surrounding Gulf Coast and Central Florida communities.
Just give us a call, and we will shop around to find the best rates and coverage options for your business from top-rated insurers. Contact us today for a free, no-obligation commercial property insurance quote!
