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Florida Workers' Comp Insurance for Cannabis Businesses

Name: Workers' Compensation Insurance for Cannabis Workers in Florida
Brand: Kickstand Insurance
Rating: 5 (37 reviews)

Policies for manufacturing, dispensaries and retail stores

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Why do Cannabis Workers in Florida need
Workers' Compensation Insurance?

Comply with state laws

Avoid fines

Protect your employees

Protection from lawsuits

...'cause they can get hurt

Operating a cannabis business in Florida involves navigating unique regulations and safety protocols. From equipment-related injuries in cultivation to handling chemicals in processing, the risks are real.

Workers' compensation insurance covers your team in case of workplace injuries, protecting both your employees and your business from costly medical expenses and lost wages.

Common Cannabis injuries

Hand cuts and strains: from harvesting and handling plants
Repetitive motion injuries: from trimming and processing tasks
Burns and lacerations: during extraction processes for oils and concentrates
Heat-related stress: particularly in greenhouse environments
Exposure to hazardous materials: like mold, dust, pesticides, and other chemicals
Vehicle accidents: during product transportation

Workers' Comp for Cannabis Workers in Florida: Legal Requirements

In Florida, cannabis businesses with four or more employees are required by law to carry workers' compensation insurance. Without this coverage, businesses may face severe penalties, including stop-work orders and fines. Learn more about Florida Workers' Compensation Rules here.

Common types of Cannabis workers we can insure in Florida

Cultivators

Manufacturing

Processors/Harvesters

Retail Dispensaries

Don't see your business classification?
‍We're here to help. Call 866-338-8823.

What type of injuries does
Workers' Comp Insurance cover?

Workers' comp insurance covers both the employer and the injured worker. Like all types of insurance, it acts as a safety net in case of an accident.

If a worker gets hurt on the job, the insurance company will help cover the costs associated with their care so the worker is well taken care of until they return to work.

Since the company had an active Cannabis Worker workers' comp policy, they do not need to pay anything towards the bills.

Workers' comp insurance provides protection to both the employer and the injured worker. Like other types of insurance, it’s there to help in the event of an incident.

If a worker gets hurt on the job, the insurance company will help pay for the costs associated with their care so the worker is provided for until they return to work.

Since the company had an active workers' comp policy, they are not responsible for paying the medical bills.

What will Cannabis Workers' Comp Insurance pay for?

Medical expenses
Rehab and therapy costs
A percentage of lost wages
Disability benefits
Funeral cost

How much does Workers' Comp Insurance
for Cannabis Workers in Florida cost per month?

The average cost of workers' compensation insurance for cannabis businesses in Florida is $0.96 per $100 of payroll. However, rates can vary depending on the type of cannabis business you run and your company’s claims history.

For more details on how workers' comp rates are determined for the cannabis industry, check out our guide: Workers’ Comp Rates for Cannabis Workers 2024.

What's the cost based on?

The National Council of Compensation Insurance (NCCI) sets a fixed rate for every industry in Florida.

The rate is based on the level of risk for that job description.

Premiums are primarily calculated by using your payroll numbers and your NCCI class code.

Common Classifications for Florida Cannabis

Here are the main categories for classifying injuries in the cannabis industry. For more details, visit our guide, Workers’ Comp Class Codes for Cannabis Workers.

0035 - Cannabis Cultivating/Farming

4825 - Processing of Cannabis into CBD Oil or Products

8045 - Cannabis Dispensary - Retail

8047 - Cannabis Dispensary - Wholesale

8832 - Medical Cannabis/Marijuana

Don't see your business classification?
We're here to help. Call 866-338-8823.

How to get Workers' Comp Insurance in Florida

Getting workers' comp insurance in Florida is a straightforward process. Business owners can purchase coverage through any licensed insurance agent operating within the state.

However, not all agents offer workers' comp insurance, so it's essential to compare potential policies to ensure you're getting the right coverage for your Cannabis business.

Kickstand Insurance offers a streamlined process to help you compare quotes and choose a policy that fits your business needs. Start by filling out our Instant Quote form for a fast estimate.

Get an Instant Quote Today!

Ensure your company is fully protected. Get a hassle-free workers' comp quote in just 10 minutes with Kickstand Insurance and protect your business, your employees, and your bottom line.

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Helpful tips to save money

Choosing cannabis insurance services may sound simple, but doing it wrong can be very costly.

Here’s how to save money:

Classify your workers correctlyFor example - Employees who do clerical work have a different code (8810). Lumping them together with manual labors will increase your premium.

Don't underestimate your payroll
If your payroll is more than was estimated at the beginning of the policy, it will be discovered at audit and you will be billed for the difference.

Have a clear process to report claims
...and make sure your employees know about it. This will make the entire experience easier for all involved. It can even help keep your costs down!

Report every incident- even if it didn't result in a large injury. Some things which seem insignificant can snowball into costly issues.

Prepare for your audit Every policy is audited at the end of 12 months. Keep your payroll records and files neat so you don't have issues later! Our Cannabis Worker Workers’ Compensation Audit Checklist can help.

Prepare for your audit Every policy is audited at the end of 12 months. Keep your payroll records and files neat so you don't have issues later! A Cannabis Worker Workers’ Compensation Audit Checklist can help.

For more detailed strategies, check out these tips on how cannabis business owners can save money on their workers' compensation insurance.

FAQ's on Workers' Comp for Cannabis Workers in Florida

I operate a medical marijuana facility where doctors prescribe marijuana to patients. Should I be classified as a doctor’s office or a dispensary?

Since your facility primarily provides medical consultations and prescriptions, it should be classified as a doctor’s office rather than a dispensary.

What if my facility also provides delivery services?

If your facility includes delivery, you should use the delivery class code 8742 to ensure this part of your business is properly classified.

My facility sells medical marijuana but doesn’t grow it. How should I be classified?

If your facility sells but does not cultivate medical marijuana, it should be classified as a pharmacy.

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Learn more about Cannabis Insurance

a cannabis business owner saving money for workers comp

Reduce your Cannabis Workers’ Comp Insurance Costs

Workers’ Comp Rates for Cannabis Workers

Cannabis Workers’ Comp Class Codes: A Guide

Why use Kickstand to
get workers' comp insurance?

Speed + Service + Experts

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Unlike other online insta-quote systems,
here your quote is reviewed by experts

Why does it matter?

Avoid surprise bills at audit
Make sure all your employees are properly covered
Protect yourself from lawsuits

What do we check?

Business categorized correctly
Employees job roles
Special discount opportunities

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The information on this website is not intended to serve as insurance advice. All content provided is for general informational purposes only.
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