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The document is a 'Notice of Revocation of Election to be Exempt' which allows an exemption holder, either an individual or corporate officer, to formally revoke their exemption status from workers' compensation insurance. It requires specific information about the exemption holder, the corporation or LLC involved, and mandates notification to contractors and workers' compensation carriers upon revocation.

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Can you waive workers compensation rights in Florida?

By law, you cannot waive your right to file a workers compensation claim. The insurance companies may deny your claim and there are times when an injured worker can elect a course of legal action over workers compensation (such as a lawsuit against a wrongful third party).

Who is exempt from workers compensation insurance in Florida?

ing to Florida state law, when a business has four or more employeeseither full or part timeworkers comp is required. There are some exceptions, such as sole proprietors and partners. Additionally, construction businesses can exempt up to three corporate officers with at least 10% ownership of the company.

How much does it cost for workers comp exemption in Florida?

Eligibility Information No more than three officers of a corporation or of any group of affiliated corporations (including LLCs) may elect to be exempt. A $50.00 application fee is required. Applicant cannot be affiliated with an ACTIVE Stop Work Order (SWO) or Working in Violation (WIV).

How much is the workers comp exemption in Florida?

There are a few Florida workers compensation exemptions for companies and employees who may not need coverage. For instance, sole proprietors and partnerships can go without workers comp coverage by filing for a certificate of election to be exempt.

What are the exceptions to workers compensation exclusive remedy in Florida?

Exceptions to Exclusive Remedy There are really only two exceptions to the exclusive remedy provision under workers compensation law in Florida, and those are failure to secure workers compensation insurance or intentional tort.

How long does it take to get a Florida workers comp exemption?

Business owners without employees can be exempt from workers comp requirements, depending on ownership status, the clients they serve, and their type of work. Independent contractors, sole proprietors, business partners, or LLC members in a firm with no employees dont typically need workers compensation.

Can you waive workers comp in Florida?

How long does it take to get a workers compensation exemption in Florida? Print a workers comp exemption form or fill it out online, and wait for 3 to 5 business days for processing with the Florida Division of Workers Compensation.

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