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 3131
| Year | Rate (per $100) | Year-over-Year | Status |
|---|---|---|---|
| 2026 Active | $1.83 | — | NCCI FL Filing |
| 2025 | $2.08 | +13.7% (+$0.25) | NCCI FL Filing |
| 2024 | $2.29 | +10.1% (+$0.21) | NCCI FL −15.1% overall |
| 2023 | $2.66 | +16.2% (+$0.37) | NCCI FL Filing |
| 2022 | $2.86 | +7.5% (+$0.20) | 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
Metal Button or Fasterner Maker
Metal button or fastener makers in Florida are a high-risk classification due to the use of machinery and potential hazards from sharp objects and materials. This classification typically includes small to medium-sized businesses and may involve various production processes, such as cutting, forming, and assembling fasteners. As a high-risk classification, pay-as-you-go PEO workers' compensation is a natural fit for these businesses to help manage their workers' comp costs and mitigate potential financial risks.
Quick Premium Estimate
Based on the 2026 filed rate of $1.83 per $100 of payroll:
| Annual Payroll | Est. Annual Premium | Est. Monthly |
|---|---|---|
| $50,000 | $915.00 | $76.25 |
| $100,000 | $1,830.00 | $152.50 |
| $200,000 | $3,660.00 | $305.00 |
| $500,000 | $9,150.00 | $762.50 |
These are estimates based on the filed rate only and do not include SUTA, admin fees, or other charges. Get a full itemized quote →
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