Why Worker’s Compensation Insurance Is So Important

It is important for contractors to have adequate worker’s compensation and general liability insurance to protect themselves from the risks associated with working on a construction site. Even if a project is not currently underway, Florida’s insurance requirements apply to all active licenses.

When a contractor’s license is issued in Florida, the state gives the license holder a certain amount of time to get the insurance coverage they need. However, if they have no employees, they can use an exemption to avoid having to carry out certain tasks. Even if you plan on working a job soon, you still need to have the necessary coverage to avoid penalties and fines.

If you have a change of jobs or if a company has ceased its operations, then you need to take the necessary steps to de-activate your license. Doing so will allow you to transfer it to a new company. If your license is still active, make sure that it is insured.

It’s important to remember that insurance is required to carry out permits, so make sure that your coverages are up to date and in all the ways that you’re supposed to be.

If you have any questions about the requirements for workers’ compensation insurance, general liability insurance, or exemptions for contractors in Florida, then contact us. Also, make sure that your boss has the necessary insurance coverage.

At Licenses, Etc., we are a contractor licensing company, but we can also help give you an insurance referral. If you’re looking to get a Florida contractor’s license, we can help you start the process today. We make the process easy and simplify everything for you every step of the way. We do all the heavy lifting for you! We know how to properly fill out forms and file to ensure your application will go through and not get denied. To learn more, visit our  Florida Contractor’s License page or call 239-777-1028.