Workers Compensation Insurance for Construction Workers

Workers Compensation Insurance for Construction Workers

KNOW THE LAW: SECTION 440.10, FLORIDA STATUTES:
*Just one employee means you are on the hook for workers comp
*your subs not insured – you own them
*fines up to $5000 per uninsured subcontractor or employee
*don’t fool yourself with the 1099 trick ! It doesn’t work!

EXEMPTING YOURSELF = SHORT CHANGING

FLORIDA STATUTES, SEC. 440.05
*IF YOU ARE AN OWNER OR CORPORATE OFFICER YOU CAN EXEMPT YOURSELF (Maximum 3 per corporation – must be shareholders 10% or more)
* THAT MEANS YOU ARE NOT COVERED IF YOU ARE HURT ON THE JOB!
* YOU’VE PASSED UP ONE OF THE CHEAPEST WAYS TO PROTECT YOUR BUSINESS, YOURSELF AND YOUR FAMILY!
* YOU’VE ALSO PUT YOUR CUSTOMER IN DANGER.
= YOU’VE GIVEN UP YOUR RIGHTS, BUT
= YOUR FAMILY AND DEPENDANTS HAVEN’T THEY CAN SUE YOUR CUSTOMER, BECAUSE YOU WERE HURT ON THE CUSTOMER’S PREMISES.

A PEO AS A GOOD ALTERNATIVE

BUYING A WORKERS COMP POLICY IS SMART, BUT SMALL BUSINESSES HAVE ANOTER OPTION BY PARTICIPATING IN A PROFESSIONAL EMPLOYER’S ORGANIZATION. A PEO CAN PROVIDE:
1. WORKERS COMP COVERAGE WITH MONTHLY PAYMENTS
2. ALL OF YOUR PAYROLL SERVICES INCLUDING PAYROLL TAXES
3. SERVE AS YOUR HR DEPARTMENT
4. POSSIBLE ACCESS TO HEALTH INSURANCE
5. ALL OF THIS FOR A SMALL PERCENTAGE OF YOUR PAYROLL
6. SOME PEO’S ALLOW YOU TO SKIP SOME PAYROLL PERIODS IF YOU PAY A MINIMUM MANAGEMENT FEE.

AT MPR-FINTRA, INC. INSURANCE MARKETPLACE RESOURCES WE WILL ANSWERS TO YOUR CONTRACTOR’S INSURANCE QUESTIONS

PHONE: 561 – 338 – 7488