Building Code Administrators and Inspectors Florida Principle and Practice Licensure Practice Exam

What document must employers maintain regarding their insurance coverage?

1. A certificate of coverage

2. Proof of compensation insurance

3. A claim report

4. A payment receipt

The correct answer is: Proof of compensation insurance

Employers are required to maintain proof of compensation insurance as it serves as evidence that the employer has complied with workers' compensation insurance laws. This document is crucial for demonstrating that there is financial protection for employees in the event of work-related injuries or illnesses. Maintaining this proof ensures that employers can substantiate their compliance during inspections or if claims arise. The other options do not serve the same comprehensive purpose. A certificate of coverage may indicate that insurance exists but does not provide full proof of ongoing coverage and compliance. A claim report pertains to incidents that have already occurred and does not demonstrate the employer's current insurance status. Lastly, a payment receipt may show that a premium has been paid but lacks the detail required to verify that adequate coverage is in place according to legal requirements. Therefore, proof of compensation insurance is the essential document employers must keep on hand.