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 3118
| Year | Rate (per $100) | Year-over-Year | Status |
|---|---|---|---|
| 2026 Active | $1.39 | — | NCCI FL Filing |
| 2025 | $1.42 | +2.2% (+$0.03) | NCCI FL Filing |
| 2024 | $1.36 | -4.2% ($0.06) | NCCI FL −15.1% overall |
| 2023 | $1.46 | +7.4% (+$0.10) | NCCI FL Filing |
| 2022 | $1.61 | +10.3% (+$0.15) | 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
Saw Making- Hand & Power Saws
Saw making hand and power saw businesses typically involve workers who manufacture, assemble, or repair hand and power saws, which can pose various risks such as cuts, lacerations, amputations, and hearing loss. The general risk profile in this industry is moderate to high, with potential hazards from heavy machinery, sharp objects, and loud noise. A pay-as-you-go PEO workers comp solution is a natural fit for these businesses, as it allows for more accurate premium calculations and reduced upfront costs, helping to manage fluctuations in payroll and minimize financial strain.
Quick Premium Estimate
Based on the 2026 filed rate of $1.39 per $100 of payroll:
| Annual Payroll | Est. Annual Premium | Est. Monthly |
|---|---|---|
| $50,000 | $695.00 | $57.92 |
| $100,000 | $1,390.00 | $115.83 |
| $200,000 | $2,780.00 | $231.67 |
| $500,000 | $6,950.00 | $579.17 |
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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