There’s a new workers’ compensation bill in the Florida Senate, and if it is enacted, it will make some serious changes. It’s argued that the changes will do a few things, including make sure that businesses are not shut down needlessly when it’s discovered that they are not carrying insurance, and it will offer tougher penalties as is increases the actual fine multiplier from 1.5 times to 2 times.
People who perform temporary services and work through a licensed Professional Employer Organization (PEO) or Employee Leasing Company receive their paychecks directly from the licensed organization, rather than from the company that temporarily employs them. Under Florida law, these licensed organizations are required to provide Worker compensation for their employees, regardless of where they work. Failure to do so can leave temporary workers without coverage when they suffer on-the-job injuries.
How Much Do Employers Pay for Workers Compensation Insurance
Worker Compensation Insurance is purchased by business owners to pay for any workers compensation claims that may occur due to on-the-job injuries or adverse conditions developed while working. This is generally a mandatory form of insurance designed to protect workers more than anything else.
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