Workplace accidents happen. This is why it is important for a contractor to have general liability and worker’s compensation insurance (that is updated and sufficient), especially when on a job site. Florida’s insurance coverage requirements are always in effect for active licenses, regardless if there is a current project going on or not.
When you get your Florida contractor’s license, the state gives licensees a 30-day period from when your license was issues to get worker’s compensation insurance or an exemption. Exemptions are used when a licensed contractor has no employees. However, when it comes to general liability insurance coverage, Florida contractor licensees must obtain the minimum coverage immediately. Whether you plan to work a job immediately or not, you still need to get coverage right away to avoid fines and penalities.
If you move places of employment or ceased the operation of a company, you need to take the proper steps to deactivate the license or move it to a new entity. As long as your license is in an active status, you are required to be properly insured, so make sure your status is inactive if you plan on not working.
Just a reminder: insurance is required to pull permits, so remember to keep your coverages updated and make sure you are covered in all ways you’re legally supposed to be.
If you have any questions about worker’s compensation insurance, exemptions, or general liability insurance for Florida contractors, we can help you. We can also help give you an insurance referral. If you’re looking to get a Florida contractor’s license, we can help you start the process today. We make the process easy and quick. We do all the heavy lifting for you! We know how to properly fill out forms and file to ensure your application will go through and not get denied. Contact us by clicking here or calling 239-777-1028.