Frequently Asked Questions
Who Needs Workers’ Compensation?
If you are in an industry, other than construction, and have four (4) or more employees, full-time or part-time, you are required to carry workers’ compensation coverage (an exempted corporate officer does not count as an employee).
If you are in the construction industry and have one (1) or more employees (including yourself), you are required to carry workers’ compensation coverage (an exempted corporate officer or member of a limited liability company does not count as an employee).
If you are a farmer, and have more than five (5) regular employees and/or twelve (12) or more other workers for seasonal agricultural labor lasting thirty (30) days or more, you are required to carry workers’ compensation coverage. Reference: Section 440.02(17), Florida Statutes.
Are (PEO’s) Employee Leasing Companies regulated in Florida?
PEO’s also know as, Employee Leasing Companies, are regulated by the Department of Business & Professional Regulations.
Division of Professions
Board of Employee Leasing Companies
1940 North Monroe Street
Tallahassee, FL 32399
Visit the Florida Division of Professions website
What are some advantages of using an Employee Leasing Company and what is Co-Employment?
In a co-employment relationship, the PEO acts as the administrative employer and the client acts as the worksite employer. The employer maintains control of the business and is in charge of all business decision making including employee supervision and staffing decisions. The PEO handles the time-consuming administrative tasks associated with the employment relationship. Typical services include human resources services, payroll, benefits administration, and risk management.
What Types of Companies Use PEO’s?
Companies in almost every industry use the services provided by a PEO. Any company interested in trying to improve its performance in an increasingly competitive marketplace should consider this type of partnership.
Some of the major advantages many companies have discovered are:
Using an Employee Leasing Company can improve your ability to focus on the profit-generating portion of the business.
No or Low Set-Up Fees
No Annual Workers’ Compensation Audit
Expertise in the field of Human Resource Management