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 3132
| Year | Rate (per $100) | Year-over-Year | Status |
|---|---|---|---|
| 2026 Active | $2.02 | — | NCCI FL Filing |
| 2025 | $1.87 | -7.4% ($0.15) | NCCI FL Filing |
| 2024 | $1.97 | +5.3% (+$0.10) | NCCI FL −15.1% overall |
| 2023 | $2.38 | +20.8% (+$0.41) | NCCI FL Filing |
| 2022 | $2.73 | +14.7% (+$0.35) | 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
Nut or Bolt Maker- from Iorn or Steel Stock Received from Others
The Nut or Bolt Maker classification encompasses industries that fabricate or manufacture nuts and bolts from iron or steel stock received from others, commonly found in metal product manufacturing or fabrication facilities. This class typically carries a moderate risk profile in the state of Florida, with potential hazards including equipment-related injuries, material handling accidents, and workplace slips/trips. Pay-as-you-go PEO workers compensation is a natural fit for this class, as the fluctuating revenue and production demands often lead to varying payroll amounts, making it beneficial to pay premiums on a per-employee basis rather than annually.
Quick Premium Estimate
Based on the 2026 filed rate of $2.02 per $100 of payroll:
| Annual Payroll | Est. Annual Premium | Est. Monthly |
|---|---|---|
| $50,000 | $1,010.00 | $84.17 |
| $100,000 | $2,020.00 | $168.33 |
| $200,000 | $4,040.00 | $336.67 |
| $500,000 | $10,100.00 | $841.67 |
These are estimates based on the filed rate only and do not include SUTA, admin fees, or other charges. Get a full itemized quote →
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