Florida 2026 Filed Rate
Florida workers' comp rates are filed with NCCI and approved by the Florida Office of Insurance Regulation. Rates shown are per $100 of gross payroll.
Rate History — Code 2731
| Year | Rate (per $100) | Year-over-Year | Status |
|---|---|---|---|
| 2026 Active | $3.09 | — | NCCI FL Filing |
| 2025 | $2.95 | -4.5% ($0.14) | NCCI FL Filing |
| 2024 | $2.95 | 0.0% ($0.00) | NCCI FL −15.1% overall |
| 2023 | $3.71 | +25.8% (+$0.76) | NCCI FL Filing |
| 2022 | $4.21 | +13.5% (+$0.50) | Historical |
Florida workers' comp rates have generally declined. In 2024, NCCI secured an overall -15.1% rate reduction (approved by FLOIR), one of the largest reductions in Florida history.
Code Description
Planing Wood- Molding and Planers
Planing and molding wood, as well as woodworking operations, are covered under this class that typically involves woodworking shops and factories. The general Florida risk profile for this type involves moderate to high workplace hazards, including potential injuries from sharp tools and machinery, as well as ergonomic issues from repetitive tasks. A pay-as-you-go PEO workers' comp solution is a natural fit for this class, helping businesses manage cash flow and reduce upfront costs associated with workers' comp insurance.
Quick Premium Estimate
Based on the 2026 filed rate of $3.09 per $100 of payroll:
| Annual Payroll | Est. Annual Premium | Est. Monthly |
|---|---|---|
| $50,000 | $1,545.00 | $128.75 |
| $100,000 | $3,090.00 | $257.50 |
| $200,000 | $6,180.00 | $515.00 |
| $500,000 | $15,450.00 | $1,287.50 |
These are estimates based on the filed rate only and do not include SUTA, admin fees, or other charges. Get a full itemized quote →
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