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.
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.
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.
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
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.
For more detailed strategies, check out these tips on how cannabis business owners can save money on their workers' compensation insurance.
Since your facility primarily provides medical consultations and prescriptions, it should be classified as a doctor’s office rather than a dispensary.
If your facility includes delivery, you should use the delivery class code 8742 to ensure this part of your business is properly classified.
If your facility sells but does not cultivate medical marijuana, it should be classified as a pharmacy.
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