Florida workers' compensation rates deceasing decrease in 2023.

According to a recent study conducted by the OR Department of Consumer Business and Services, Florida ranked 28th in the average cost for state workers' comp insurance rates. Florida rates are approximately 1% below those of the median state in the country. This is a slight decline from the prior study done in 2020, when Florida ranked 27th. See updates on Florida rates below:

Florida rates are established and approved annually by the Florida Department of Workers Compensation. Rates are based on recommendations from NCCI. All carriers are required to charge the same base manual rates for coverage in Florida, making it the only non-monopolistic state that requires set rates for insurance companies. Therefore, the only additional components of pricing Florida workers compensation policies include experience modifiers, drug credits, safety credits, and carrier discounts.

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Workers Comp Rates are an Art & Science

What influences my workers comp insurance cost?

Your State & Class Codes

Insurance companies file their "base manual rates" for approval with each state for all class codes. Rate recommendations are generally made to the state and carriers annually by the National Council on Compensation Insurance.

Your Claims or Losses

Employee claims are reported to NCCI and statistically compared with all other similar type businesses using the same class code in each state. An Experience Modification Rate may apply to your business after a few years of coverage.

Prior Experience & Coverage

Insurance company underwriters are permitted to make premium rate adjustments based on unique factors about your business, safety practices, and management experience in most states.

Policy Credits and Debits

Insurance companies may apply policy credits and debits to the base manual rates. Additional discounts can be applied to premium as the total payroll & premium increases.

Smart Agents with expertise in workers' compensation insurance utilize this information to negotiate your insurance rates with underwriters. A good narrative about your business helps insurance companies justify a better price.

Florida Rates for Select Work Comp Class Codes

Rates for State Class Codes. Select Codes Listed:

The workers' compensation rates listed below for Florida represent the current insurance rates effective 1/1/2023. Florida rates are set by the Florida Department of Insurance. Insurance companies may be able to offer discounts, dividends and credits to policy holders' work comp policies. We offer Pay As You Go work comp coverage in Florida to help improve cash flow. Our agency helps Florida employers buy workers' compensation coverage at the best price.

Class Code & Description Low Rate High Rate
0035 Farm Planting & Harvesting-Cannabis Growers $3.37 $3.37
0042 Landscaping Service $7.92 $7.92
0106 Tree Trimming-Pruning-Removal $10.90 $10.90
0917 Residential Cleaning Service- Housekeepers $5.44 $5.44
2121 Breweries-Craft Beers $1.29 $1.29
2157 Winery-Wine Makers $3.48 $3.48
2585 Carpet Cleaning $4.14 $4.40
2589 Dry Cleaning & Laundry Services $2.89 $2.89
3632 Machine Shop $3.57 $3.57
3724 Garage Door Installation $3.39 $3.39
3821 Salvage Yard-Automobile Recycling $7.14 $7.14
5022 Masonry Construction $9.39 $9.39
5102 Door & Window Installers $7.32 $7.32
5183 Plumbing Contractors $7.32 $7.32
5190 Electrical Work-Electricians $4.32 $4.32
5221 Concrete Work-Flat Work Cement $6.48 $6.48
5223 Pool Installation-Pool Maintenance $5.62 $5.62
5348 Ceramic. Tile & Stone Work $4.34 $4.34
5437 Trim-Finish Carpenters-Cabinets-Countertops $6.91 $5.91
5445 Drywall Contractors $6.81 $6.81
5474 Painting Contractors $8.32 $8.32
5478 Floor Installers-Wood-Carpet-Laminate $4.13 $4.13
5535 Metal Building Construction $9.18 $9.18
5537 HVAC-Heating & Cooling Service/Repair $5.34 $5.34
5537* Solar Energy Contractors-Installation $5.34 $5.34
5551 Roofing Contractor $14.78 $14.78
5606 Asphalt & Paving Work $1.35 $1.35
5645 Residential Construction-Home Builders-Remodelers- Siding $1.35 $1.35
6217 Excavation & Grading Work $5.84 $5.84
6400 Fence Installation & Repair $6.53 $6.53
7219 Trucking-Short & Long Haul $6.85 $6.85
7219* Towing Company $6.85 $6.85
7230 Package & Parcel Delivery $11.38 $11.38
7370 Non-Emergency Medical Transport-Taxi-Limo-Airport Shuttle $4.88 $4.88
7605 Alarm Installation & Repair $2.59 $2.59
7720 Security Guards-Patrol Officers $3.43 $3.43
8006 Gas Stations-Convenience Stores $2.09 $2.09
8017 Retail Stores-Merchandise-Cannabis Dispensary $1.56 $1.56
8292 Warehouse & Storage Facility $4.25 $4.25
8380 Auto Service & Repairs-Mechanic $2.80 $2.80
8393 Auto Body Repair $1.72 $1.72
8742 Sales Professional $0.35 $0.35
8810 Clerical-Office Employee $0.17 $0.17
8824 Retirement Living Centers-Congregate Communities $3.62 $3.62
8829 Nursing Home & Assisted Living Facility $2.29 $2.29
8831 Animal Shelters & Kennels-Veterinarian $1.82 $1.82
8832 Medical Office-Doctor-Dentist-Chiropractor-Optometrist $0.34 $0.34
8835 Home Healthcare Workers $2.00 $2.00
8842 Group Homes-Temporary Shelters-Disability Facility $2.61 $2.61
8864 Social Service Organizations-Counseling-Family Services $1.59 $1.59
8868 Religous Organization-Church-Temple $0.44 $0.44
8869 Child Care Center=Daycare Providers $1.45 $1.45
9012 Property Management-Leasing Agent $0.98 $0.98
9014 Janitorial Service Contractor-Pest Control-Exterminating-Chimney $3.76 $3.76
9015 Building Maintenance-Campgrounds-Camps-RV Parks $3.89 $3.89
9052 Hotels & Motels $3.89 $3.89
9060 Golf Courses & Country Clubs $1.93 $1.93
9063 Fitness Center-Heath Clubs-YMCA Programs $1.10 $1.10
9082 restaurants-Catering $1.80 $1.80
9083 Mobile Food Trucks-Food Cart $1.74 $1.74
9083* Fast Food Restaurant-Concessions-Doughnut Shop $1.74 $1.74
9084 Bars-Taverns-Nightclubs $1.87 $1.87
9102 Lawn Service & Maintenance $4.13 $4.13
9180 Shooting Range-Amusement Park $4.29 $4.29
9402 Septic Tan Cleaning-Portable Toilets $6.99 $6.99
9403 Refuse Collection-Garbage-Trash Service $6.67 $6.67
9516 Electrical Equipment Repair & Service $6.67 $6.67

Florida workers' comp rates vary by industry classification codes and insurance company underwriting standards. Employers' who have an Experience Modification Factor (X-Mod) assigned to their business may have additional credits or debits applied to their insurance rates based on prior premium and workers' compensation losses.

State Resources for Florida

Rating Bureau: NCCI

901 Peninsula Corporate Circle
Boca Raton, FL 33487-1362

Florida Department of Financial Services

200 E. Gaines Street
Tallahassee, FL 32399

Florida Division of Workers' Compensation

2012 Capitol Circle
SE Hartman Building
Tallahassee, Florida 32399-0680
FL Division of Workers Compensation

Florida is under the Jurisdiction of the National Council for Compensation Insurance (NCCI) and utilizes the Florida JUA (Joint Underwriting Association) to place Assigned Risk polices within the State Fund.

FWCJUA rates are considerably higher than rates on the private market. Our agency does not place business with the JUA because we are focused on finding lower cost coverage for Florida business owners.

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Visit NCCI for more resources and information about workers' compensation class codes. Visit United States Department of Labor for more information about government agencies managing workers compensation insurance rates.

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