Legal Insurance Terms 

Per Florida Office of Insurance Regulation 

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Workers' Compensation is an insurance coverage purchased by the employer/business that provides benefits for job-related employees injuries. Florida law requires all employers to purchase workers compensation coverage (with a few exception). Under a workers compensation policy, employees are compensated for occupationally incurred injuries, regardless of fault. This coverage makes employers immune from some injury lawsuits by employees. In Florida, the Division of Workers' Compensation within the Department of Financial  Services is the primary regulator for ensuring employees receive the proper benefits under this coverage, which includes the rates, forms and solvency for this type of coverage. The amount of compensation is established by the law. 

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