A variety of changes have recently been implemented to worker Compensation law as it is practiced in the state of Florida. In July 2011, Gov. Rick Scott signed HB 1087 into law—a broad, sweeping piece of legislation that changes how cancellations, audits, benefits and other related items are processed.
Changes to Cancellation Policy
The effective date of a policy’s cancellation was originally when an insurer sent a formal notice of cancellation, but now the effective date must be requested by the insured. This is done to reduce confusion and will help all parties to reduce court costs and make the letter of the Worker Compensation agreement as clear as possible.
Changes to Audit Policy
Premium audits are no longer required unless specifically stipulated in the policy agreement or requested by regulators or insured members. This may reduce the level of trust workers and employers have in their Worker Compensation policies, but it is a relatively versatile law, meaning that it gives leeway for employers to take premium audits into their own hands if they so desire. The semi-voluntary nature of audit policy changes will save money for insurers.
Changes to Worker Comp Benefits
Workers may now receive Worker Compensation benefits in the form of a prepaid card. Injured workers must secure at least one free means of accessing weekly prepaid benefits and must be able to make purchases without incurring fees from the issuer of the prepaid card. This will provide an additional way for injured workers to receive payments if they do not wish to use direct deposit or an issued check.
Changes to Notification Process
If a company is operating in multiple locations, only the headquarters will receive written notification regarding renewal, non-renewal, cancellation or termination of Worker Compensation policies. This will reduce administrative costs, industry representatives said.
Florida Workers Compensation Attorney
If you’ve become injured on the job, contact workers compensation law firm at Scott J. Sternberg & Associates, P.A. by visit www.sternberglawoffice.com or call at 561-687-5660 to make sure you claim is paid accordingly. Our West Palm Beach, Boca Raton & Orlando offices serving all of Florida.