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 3240
| Year | Rate (per $100) | Year-over-Year | Status |
|---|---|---|---|
| 2026 Active | $2.89 | — | NCCI FL Filing |
| 2025 | $2.94 | +1.7% (+$0.05) | NCCI FL Filing |
| 2024 | $2.77 | -5.8% ($0.17) | NCCI FL −15.1% overall |
| 2023 | $3.27 | +18.1% (+$0.50) | NCCI FL Filing |
| 2022 | $3.33 | +1.8% (+$0.06) | 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
Wire Maker- Iron or Steel Stranding or Rope
Workers in the wire making industry, specifically those involved in the iron or steel stranding or rope manufacturing process, fall under this category, which includes occupations such as wire strippers and spoolers. This FL risk profile is moderate to high, as the work involves manual labor, machinery operation, and potential exposure to electrical and physical hazards. A pay-as-you-go PEO workers comp model is an ideal fit for businesses in this class due to the variable nature of production and potential fluctuations in workforce size, allowing for more flexible and cost-effective coverage.
Quick Premium Estimate
Based on the 2026 filed rate of $2.89 per $100 of payroll:
| Annual Payroll | Est. Annual Premium | Est. Monthly |
|---|---|---|
| $50,000 | $1,445.00 | $120.42 |
| $100,000 | $2,890.00 | $240.83 |
| $200,000 | $5,780.00 | $481.67 |
| $500,000 | $14,450.00 | $1,204.17 |
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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