What kind of insurance must businesses have in Florida to protect their employees?

In Florida, it is mandatory for businesses to carry workers' compensation insurance to cover employees who get injured or become ill due to their work. This type of insurance provides benefits such as medical care, rehabilitation costs, and compensation for lost wages. The primary purpose of workers' compensation is to ensure that employees have access to necessary support while protecting employers from lawsuits related to workplace injuries.

The focus of this requirement is to create a safer work environment and provide a reliable way for injured employees to receive the care they need without placing financial liability on the employer. This regulation is essential as it helps in the prompt delivery of benefits to those who have sustained injuries at work.

Other types of insurance, while beneficial for businesses, do not specifically address the needs of employees facing work-related injuries. General liability insurance protects the business from claims of bodily injury or property damage, property insurance covers damage to the business's physical assets, and business interruption insurance compensates for lost income due to a covered event disrupting operations. However, none of these insurances fulfill the statutory requirement for employee protection that workers' compensation provides.