Workers Compensation Agents in Florida
Florida Workers Compensation Agents will soon face many challenges in the wake of the recent Florida Supreme Court ruling. Industry leaders and workers compensation underwriters have newly raised concerns as to whether or not other large market states will use this ruling as a precedent. Meanwhile, Comp Brokers and Agencies are looking for alternative workers compensation solutions for their clients.
Writing new business and client retention have both been difficult in recent years. Now, with a significant increase in comp rates here in Florida, many agencies are exploring other avenues such as employee leasing and bundling products to protect and retain their comp clients, while others believe their business will not be very affected since the increase in statewide which in turn should keep the competitive playing field level.
Unlike other Workers Comp based businesses, Simple Work Comp expect their market share to grow substantially through its PEO and Employee Leasing programs. As Florida business owners begin to feel the financial squeeze of increased rates, they will be more accepting and open to unconventional ways in obtaining affordable workers compensation.
All Workers Compensation Agents should take the time to learn about employee leasing and how it benefits them and their clients more so than a straight-up comp policy. In the long run both Agents and their clients save a great deal of time using employee leasing. Neither have to deal with claims, compliance or other painstaking non-rewarding comp related issues.
Every Workers Compensation Agency can gain from exploring their options. Agents can learn more by clicking on the link below.
Comp Agents & Employee Leasing
For more information on how your Agency can benefit from working with us, please contact me directly at 813-684-5684, or ask to speak with one of our senior consultants.
Frankie VanDeboe
Founder & CEO
JUL
As the Obamacare Affordable Care Act battle continues in congress, employers are trying to figure out what their healthcare obligations are going to be to their employees. Small companies with 50 employees or more need to have a Health Care Plan for employees who work 30 hours or more. This is going to be costly and time consuming. Small companies typically do not have the administrative and/or financial resources to keep up with changes in Health Care, Insurance Compliance and still run a business.