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 3632
| Year | Rate (per $100) | Year-over-Year | Status |
|---|---|---|---|
| 2026 Active | $1.90 | — | NCCI FL Filing |
| 2025 | $2.22 | +16.8% (+$0.32) | NCCI FL Filing |
| 2024 | $2.27 | +2.3% (+$0.05) | NCCI FL −15.1% overall |
| 2023 | $2.73 | +20.3% (+$0.46) | NCCI FL Filing |
| 2022 | $2.89 | +5.9% (+$0.16) | 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
Machine Shop
As a machine shop, this industry involves a range of tasks such as metal fabrication, welding, and machining, often resulting in physical labor and potential exposure to hazardous materials. The risk profile for machine shops in Florida is generally medium to high due to the physical demands of the work, equipment usage, and occasional exposure to hazardous substances. A pay-as-you-go PEO workers' comp solution is a natural fit for machine shops as it allows for flexible and cost-effective management of fluctuating workers' compensation premiums, helping to better align with the ebbs and flows of a typical business cycle.
Quick Premium Estimate
Based on the 2026 filed rate of $1.90 per $100 of payroll:
| Annual Payroll | Est. Annual Premium | Est. Monthly |
|---|---|---|
| $50,000 | $950.00 | $79.17 |
| $100,000 | $1,900.00 | $158.33 |
| $200,000 | $3,800.00 | $316.67 |
| $500,000 | $9,500.00 | $791.67 |
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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