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 3114
| Year | Rate (per $100) | Year-over-Year | Status |
|---|---|---|---|
| 2026 Active | $2.07 | — | NCCI FL Filing |
| 2025 | $2.25 | +8.7% (+$0.18) | NCCI FL Filing |
| 2024 | $2.33 | +3.6% (+$0.08) | NCCI FL −15.1% overall |
| 2023 | $2.86 | +22.7% (+$0.53) | NCCI FL Filing |
| 2022 | $3.17 | +10.8% (+$0.31) | 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
Tool Maker- Drop or Machine Forged
Tool makers who specialize in drop or machine forged tools are typically covered under this classification, which includes businesses that create custom or precision instruments through various mechanical processes. Florida's risk profile for this class code suggests a moderate to high risk of injury due to the heavy machinery and equipment involved in the manufacturing process. A pay-as-you-go PEO workers compensation solution is a natural fit for these businesses due to the fluctuating labor needs and potential for varying injury claims, allowing them to better manage their costs and cash flow.
Quick Premium Estimate
Based on the 2026 filed rate of $2.07 per $100 of payroll:
| Annual Payroll | Est. Annual Premium | Est. Monthly |
|---|---|---|
| $50,000 | $1,035.00 | $86.25 |
| $100,000 | $2,070.00 | $172.50 |
| $200,000 | $4,140.00 | $345.00 |
| $500,000 | $10,350.00 | $862.50 |
These are estimates based on the filed rate only and do not include SUTA, admin fees, or other charges. Get a full itemized quote →
Get a Real Quote for Code 3114
See exactly what you should be paying for this code vs. what you could pay with us.
Get Instant Quote Talk to a Specialist