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 3122
| Year | Rate (per $100) | Year-over-Year | Status |
|---|---|---|---|
| 2026 Active | $1.23 | — | NCCI FL Filing |
| 2025 | $1.29 | +4.9% (+$0.06) | NCCI FL Filing |
| 2024 | $1.27 | -1.6% ($0.02) | NCCI FL −15.1% overall |
| 2023 | $1.56 | +22.8% (+$0.29) | NCCI FL Filing |
| 2022 | $1.80 | +15.4% (+$0.24) | 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
Cutlery Mfg. NOC
Manufacturers of cutlery, carving knives, and pocket knives fall under this classification, with a high risk profile stemming from sharp objects and machinery hazards. The industry is associated with cuts, lacerations, and amputations, making workers compensation insurance a critical component of business operations. Pay-as-you-go PEO workers comp is a natural fit for this class, providing businesses with a flexible payment structure that matches their actual payroll, helping to mitigate the financial impact of unpredictable claims and audits.
Quick Premium Estimate
Based on the 2026 filed rate of $1.23 per $100 of payroll:
| Annual Payroll | Est. Annual Premium | Est. Monthly |
|---|---|---|
| $50,000 | $615.00 | $51.25 |
| $100,000 | $1,230.00 | $102.50 |
| $200,000 | $2,460.00 | $205.00 |
| $500,000 | $6,150.00 | $512.50 |
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 3122
See exactly what you should be paying for this code vs. what you could pay with us.
Get Instant Quote Talk to a Specialist