Module 3: Insurance, Bonding, and Financial Requirements

Workers Compensation for Contractors

Preview · ~5 min read

Florida construction businesses must carry workers' compensation insurance for every employee — including the owner unless they file for a corporate officer exemption. Rates are some of the highest of any industry (roofing can exceed 30% of payroll) because of injury risk. Consider a pay-as-you-go workers comp policy that calculates premiums based on actual payroll rather than estimated payroll — this avoids large end-of-year audit adjustments.

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