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 3004
| Year | Rate (per $100) | Year-over-Year | Status |
|---|---|---|---|
| 2026 Active | $1.02 | — | NCCI FL Filing |
| 2025 | $1.12 | +9.8% (+$0.10) | NCCI FL Filing |
| 2024 | $1.10 | -1.8% ($0.02) | NCCI FL −15.1% overall |
| 2023 | $1.38 | +25.5% (+$0.28) | NCCI FL Filing |
| 2022 | $1.61 | +16.7% (+$0.23) | 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
Iron or Steel Making including Drivers
This class code encompasses workers in the iron or steel making industry, including drivers transporting raw materials and finished products. The general risk profile for this industry is moderate to high, with hazards including machinery accidents, heavy lifting, and exposure to hazardous materials. A pay-as-you-go PEO workers comp model is a natural fit for this class, as it allows businesses to budget and manage their workers comp costs more effectively, reducing the financial burden of unpredictable premium fluctuations.
Quick Premium Estimate
Based on the 2026 filed rate of $1.02 per $100 of payroll:
| Annual Payroll | Est. Annual Premium | Est. Monthly |
|---|---|---|
| $50,000 | $510.00 | $42.50 |
| $100,000 | $1,020.00 | $85.00 |
| $200,000 | $2,040.00 | $170.00 |
| $500,000 | $5,100.00 | $425.00 |
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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