Effective January 1, 2012 Florida Employers face an 8.9 percent increase in Workers Compensation insurance rates. E-WorkersComp.net discusses the increase and impact on Florida business.
Tampa, FL January 12, 2012
E-WorkersComp.net, http://www.e-workerscomp.net is an Independent Insurance Agency in Tampa, FL, that sells Workers Compensation Insurance to businesses nationwide. The State of Florida has initiated a price increase of 8.9 percent to Workers Compensation insurance rates. The Director of New Business Development at E-WorkersComp.net is helping businesses become better equipped to avert higher Workers Compensation rates.
“We had a roughly 8 percent increase last year and now our members are being asked to absorb another 8.9 percent increase,” said NFIB (National Federation of Independent Business)/Florida Director Bill Herrle. “That’s a very substantial increase in the cost of labor over the course of two very difficult years for small employers.” NFIB is a nonprofit organization that represents a voice for small business. http://www.nfib.com/florida/nfib-in-my-state-content?cmsid=58522
The state-wide rate increase in Florida became effective January 1, 2012 based on the annual October 11th rate hearing and the initial request for increase by NCCI.
The Director of New Business Development of E-WorkersComp.net, an Independent Insurance Agency in Tampa, FL stated, “This year, Florida businesses will face a tough economy and a higher expense to employ due to higher Workers Compensation premiums mandated by the state. Our efforts to educate businesses help the consumer become better informed and better equipped to pay for insurance at a lower cost. Businesses that have access to more information about what they are paying for can make the best use of their dollar.”
The Director of New Business Development at E-WorkersComp.net further noted, “Florida consumers will be better equipped to avert higher Workers Compensation rates through employer advocacy, loss prevention programs, aggressive claims handling and for qualified employers’ rate to consent offsets. These, in many cases shall mean lower workers compensation premiums for the Florida employer and more money to the bottom line.”
The Director of New Business Development at E-WorkersComp.net is a part of the National Society of Agents for Consumer Education, an organization that provides resources to help employers buy insurance. http://www.e-workerscomp.net/florida/ is an online resource for Workers Compensation insurance information. E-WorkersComp.net is an independent insurance agency in Tampa, Florida.
Written by Ben Kaylor