Miami-Dade Florida Self-Insurers Surety Bond is a type of bond required by the Miami-Dade County in Florida for self-insured employers. It acts as a financial guarantee that ensures the self-insured employer meets their obligations and responsibilities under the Miami-Dade Workers' Compensation Ordinance. This surety bond serves as protection for employees, ensuring that if the self-insured employer fails to pay workers' compensation benefits or fulfill other statutory requirements, there is a source of funds to cover these liabilities. The bond amount is determined by the Miami-Dade County based on the employer's estimated self-insured liabilities. There are different types of Miami-Dade Florida Self-Insurers Surety Bonds, including: 1. Miami-Dade Florida Self-Insurers Surety Bond for Workers' Compensation: This bond specifically relates to the self-insured employer's obligations under workers' compensation laws and ensures that injured employees receive the benefits they are entitled to. 2. Miami-Dade Florida Self-Insurers Surety Bond for Compliance: This type of bond ensures that the self-insured employer complies with all applicable regulations and guidelines set forth by the Miami-Dade County. It covers various obligations such as maintaining accurate records, submitting timely reports, and other requirements outlined in the Workers' Compensation Ordinance. 3. Miami-Dade Florida Self-Insurers Surety Bond for Financial Responsibility: This bond guarantees the self-insured employer's ability to meet their financial obligations related to workers' compensation. It provides assurance that there are adequate funds available to cover potential claims and benefits. Securing a Miami-Dade Florida Self-Insurers Surety Bond helps self-insured employers demonstrate their commitment to responsible business practices and assures employees that their rights and benefits will be protected. It is an important requirement that ensures the overall well-being and financial security of the workforce in Miami-Dade County.