By Josh Helmuth risk adviser in the Sarasota office of Lykes Insurance, a Florida-based commercial insurance firm.
Big workers' compensation changes are coming to all Florida employers.
These are a result of recent Florida Supreme Court decisions, which led to the approval by the Florida Office of Insurance Regulation to increase the overall statewide workers’ compensation rate by 14.5 percent on Dec. 1. The increase applies to new and renewal business, with no change for current in-force policies.
But the costs don’t stop there.
Let’s look at what employers can do to protect themselves in the face of these changes.
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