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 3042
| Year | Rate (per $100) | Year-over-Year | Status |
|---|---|---|---|
| 2026 Active | $2.56 | — | NCCI FL Filing |
| 2025 | $2.92 | +14.1% (+$0.36) | NCCI FL Filing |
| 2024 | $3.09 | +5.8% (+$0.17) | NCCI FL −15.1% overall |
| 2023 | $4.29 | +38.8% (+$1.20) | NCCI FL Filing |
| 2022 | $5.34 | +24.5% (+$1.05) | 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
Elevator or Escalator Maker
Elevator or escalator makers are a specialized group of workers who fabricate, install, and maintain intricate mechanical and electrical systems, often in high-rise buildings and commercial settings. This class presents a moderate to high risk profile due to the potential for falls, electrical shock, and crushing injuries, making it essential for businesses in this sector to invest in robust workers' compensation coverage. A pay-as-you-go PEO workers comp solution is a natural fit for this class, allowing elevator or escalator makers to budget and manage their workers' comp costs more effectively, freeing up capital for equipment upgrades, training, and other critical business expenses.
Quick Premium Estimate
Based on the 2026 filed rate of $2.56 per $100 of payroll:
| Annual Payroll | Est. Annual Premium | Est. Monthly |
|---|---|---|
| $50,000 | $1,280.00 | $106.67 |
| $100,000 | $2,560.00 | $213.33 |
| $200,000 | $5,120.00 | $426.67 |
| $500,000 | $12,800.00 | $1,066.67 |
These are estimates based on the filed rate only and do not include SUTA, admin fees, or other charges. Get a full itemized quote →
Get a Real Quote for Code 3042
See exactly what you should be paying for this code vs. what you could pay with us.
Get Instant Quote Talk to a Specialist