Workers' Compensation Insurance
Vital coverage for your workforce and state compliance. Florida law requires most businesses with four or more employees (and construction businesses with one or more) to carry Workers' Compensation. But beyond compliance, it is a critical financial safety net for your company.
Why it might fit your Wize Plan
Medical & Wage Replacement
If an employee is injured on the job, the policy covers their medical expenses, rehabilitation, and a portion of their lost wages, ensuring they are taken care of.
Employer Liability Defense
Workers' Comp acts as an "exclusive remedy." In exchange for providing these benefits, your employees generally cannot sue you for workplace injuries, effectively blocking a major avenue of litigation.
Premium Optimization
We work with you to understand your Experience Modification Rate (E-Mod) and properly classify your employees to ensure you aren't overpaying for your mandatory coverage.
Penalty Avoidance
Operating without required coverage in Florida can result in massive fines and "Stop-Work Orders" that immediately shut down your revenue stream. We keep you fully compliant and operational.