An Employer’s Guide to Workers Comp Requirements in Florida

Workers’ Compensation Classification Code

Proper Workers’ Comp classification codes, Explained.  ​Even the National Council Compensation Insurance (NCCI) recognizes the complexity of the Workers’ Compensation classification system; however, proper classification is of most importance as it makes a big difference in rates and premiums.NCCI has created a system of 600 plus classification codes, with the intention of covering workplace exposures. […]

[PEO] Professional Employer Organization- Employee Leasing

Professional Employee Organization (PEO). ​​The History of  PEO Organizations. Employee leasing policies first came into existence in the late 1960s as an alternative to traditional Stand Alone Worker’s Compensation policies. Up until this point companies that could not secure worker’s compensation through the private markets were forced to secure workers comp through state sponsored markets such as […]

Stand Alone verses Pay-As-You-Go Workers Comp Policies Florida

Stand Alone versus Pay-As-You-Go Workers’ Comp Policies.Any and all construction businesses with one employee or more are required to have worker’s compensation insurance. If you are a non-construction business then you are only required to have workers comp when you have four or more employees, full or part time.With a pay-as-you-go payroll service, your company […]

Changes coming to Florida Worker’s Compensation Costs | October 2016

Changes are coming to Florida Workers Comp Costs in October 2016Substantial changes are coming to the costs associated with workers compensation coverages in the state of Florida. Recent decisions from the Florida Supreme Court have prompted the National Council on Compensation Insurance (NCCI) to file a 19.6 percent rate increase with the Florida Office of […]