Florida’s Workers Compensation Insurance on Verge of Changes
by Alice Holbrook on November 4, 2014 | posted in Specialty Insurance
Getting badly hurt at work is a huge setback for anyone – and you shouldn’t have to deal with it alone. That’s the idea behind workers compensation, a type of insurance required for most employers that provides injured employees medical care and wage loss benefits, generally in exchange for their right to sue.
Guaranteed benefits can be a huge weight off employees’ minds – that is, if the benefits are good. Workers advocates in Florida charge that business-friendly legislation has chipped away at the state’s workers comp system for years, leaving employees with inadequate support and no recourse in the courts – and some judges agree. A recent circuit court ruling declared the system unconstitutional. Now business leaders worry that workers comp premiums will soar.
Can Florida balance the needs of businesses and their employees?
