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 4431
| Year | Rate (per $100) | Year-over-Year | Status |
|---|---|---|---|
| 2026 Active | $0.87 | — | NCCI FL Filing |
| 2025 | $0.92 | +5.7% (+$0.05) | NCCI FL Filing |
| 2024 | $0.94 | +2.2% (+$0.02) | NCCI FL −15.1% overall |
| 2023 | $1.16 | +23.4% (+$0.22) | NCCI FL Filing |
| 2022 | $1.29 | +11.2% (+$0.13) | 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
Optical & Magnetic Recording Media Mfg- Cassettes
Optical and magnetic recording media manufacturers, including those specializing in cassette production, are typically categorized under this code. Businesses assigned this class code often work with hazardous materials, such as magnetic tapes or chemicals, which can contribute to a higher risk profile in Florida. A pay-as-you-go PEO workers comp solution is a natural fit for this class, as it allows these businesses to more accurately reflect their dynamic risk levels and avoid unnecessary premium overpayments.
Quick Premium Estimate
Based on the 2026 filed rate of $0.87 per $100 of payroll:
| Annual Payroll | Est. Annual Premium | Est. Monthly |
|---|---|---|
| $50,000 | $435.00 | $36.25 |
| $100,000 | $870.00 | $72.50 |
| $200,000 | $1,740.00 | $145.00 |
| $500,000 | $4,350.00 | $362.50 |
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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