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 4470
| Year | Rate (per $100) | Year-over-Year | Status |
|---|---|---|---|
| 2026 Active | $1.97 | — | NCCI FL Filing |
| 2025 | $1.76 | -10.7% ($0.21) | NCCI FL Filing |
| 2024 | $1.91 | +8.5% (+$0.15) | NCCI FL −15.1% overall |
| 2023 | $2.18 | +14.1% (+$0.27) | NCCI FL Filing |
| 2022 | $2.14 | -1.8% ($0.04) | 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
Insulated Electrical Cable Maker- includes Covering
Insulated Electrical Cable Makers, including those who cover their products, are typically involved in the manufacturing and assembly of electrical cables, often working with materials such as copper, aluminum, and specialized insulation coatings. This sector is generally considered high-risk, with potential hazards including electrical shock, heat exposure, and musculoskeletal injuries from repetitive lifting and handling of heavy cable coils. A pay-as-you-go PEO workers' comp solution is a natural fit for this class due to the inherent risks involved, as it allows businesses to manage their workers' comp costs more accurately and avoid the financial burden of unexpected claims and premium fluctuations.
Quick Premium Estimate
Based on the 2026 filed rate of $1.97 per $100 of payroll:
| Annual Payroll | Est. Annual Premium | Est. Monthly |
|---|---|---|
| $50,000 | $985.00 | $82.08 |
| $100,000 | $1,970.00 | $164.17 |
| $200,000 | $3,940.00 | $328.33 |
| $500,000 | $9,850.00 | $820.83 |
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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