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 2881
| Year | Rate (per $100) | Year-over-Year | Status |
|---|---|---|---|
| 2026 Active | $2.25 | — | NCCI FL Filing |
| 2025 | $2.33 | +3.6% (+$0.08) | NCCI FL Filing |
| 2024 | $2.48 | +6.4% (+$0.15) | NCCI FL −15.1% overall |
| 2023 | $2.92 | +17.7% (+$0.44) | NCCI FL Filing |
| 2022 | $3.13 | +7.2% (+$0.21) | 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
Furniture & Cabinet Shop by hand
Furniture and cabinet shops that construct custom pieces by hand fall under this classification, which often involves skilled labor and potentially hazardous woodworking equipment. The general risk profile for this class in Florida suggests a moderate to high likelihood of workplace injuries, including cuts, strains, and eye injuries from machinery and materials. Pay-as-you-go PEO workers' compensation is a natural fit for this class as it allows businesses to manage their premium expenses more accurately, absorbing the ebbs and flows of production and workload fluctuations.
Quick Premium Estimate
Based on the 2026 filed rate of $2.25 per $100 of payroll:
| Annual Payroll | Est. Annual Premium | Est. Monthly |
|---|---|---|
| $50,000 | $1,125.00 | $93.75 |
| $100,000 | $2,250.00 | $187.50 |
| $200,000 | $4,500.00 | $375.00 |
| $500,000 | $11,250.00 | $937.50 |
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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