WASHINGTON--Two Florida members of Congress won a provision in the stimulus bill signed by President Obama this week that will reduce the cost of workers' compensation insurance for boatyards that service large yachts.
The provision in the stimulus bill, H.R. 1, modifies a law related to dockyard workers passed in 1927, more than 85 years ago.
As a result of the provision, firms repairing or servicing recreational boats can now carry much cheaper state workers' comp insurance, according to Kristina Herbert, past president of the Marine Industries Association of South Florida.
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