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 3040
| Year | Rate (per $100) | Year-over-Year | Status |
|---|---|---|---|
| 2026 Active | $3.97 | — | NCCI FL Filing |
| 2025 | $4.06 | +2.3% (+$0.09) | NCCI FL Filing |
| 2024 | $4.18 | +3.0% (+$0.12) | NCCI FL −15.1% overall |
| 2023 | $5.22 | +24.9% (+$1.04) | NCCI FL Filing |
| 2022 | $6.16 | +18.0% (+$0.94) | 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: Fabrication: Iron or Steel-Shop-Ornamental - & Drivers
Iron or steel fabrication shops, particularly those specializing in ornamental ironwork or metal fabrication, are typically assigned this classification. Workers in this trade are generally at a higher risk for injuries due to heavy machinery, manual lifting, and potential exposure to hazardous materials. A pay-as-you-go PEO workers' compensation solution is a natural fit for this class, as businesses can better manage costs and cash flow based on their fluctuating payroll and injury exposure.
Quick Premium Estimate
Based on the 2026 filed rate of $3.97 per $100 of payroll:
| Annual Payroll | Est. Annual Premium | Est. Monthly |
|---|---|---|
| $50,000 | $1,985.00 | $165.42 |
| $100,000 | $3,970.00 | $330.83 |
| $200,000 | $7,940.00 | $661.67 |
| $500,000 | $19,850.00 | $1,654.17 |
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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