What is Workers’ Compensation Insurance?

This type of insurance serves two purposes: It assures that injured workers get medical care and compensations for a portion of the income they lose while they are unable to return to work and it usually protects employers from lawsuits by workers injured while working.

Workers compensation systems are established by statutes in each state. In the State of Florida, employers conducting work are required to provide coverage for their employers. Specific requirements are based on the type of industry, number of employees and entity organization.