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 4740
| Year | Rate (per $100) | Year-over-Year | Status |
|---|---|---|---|
| 2026 Active | $1.39 | — | NCCI FL Filing |
| 2025 | $1.46 | +5.0% (+$0.07) | NCCI FL Filing |
| 2024 | $1.41 | -3.4% ($0.05) | NCCI FL −15.1% overall |
| 2023 | $1.43 | +1.4% (+$0.02) | NCCI FL Filing |
| 2022 | $1.35 | -5.6% ($0.08) | 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
Oil Refining - Refining and retrieving gas & Crude Oils
Oil refining businesses and facilities that specialize in refining and retrieving gas and crude oils are typically covered under this classification. In Florida, the risk profile for these operations is high due to the potential for hazardous materials, explosions, and other accidents, making workers' compensation insurance premiums costly. A pay-as-you-go PEO workers' comp option is a natural fit for this class, as it allows businesses to only pay for the actual workers' compensation benefits they use, rather than being burdened by a high upfront premium.
Quick Premium Estimate
Based on the 2026 filed rate of $1.39 per $100 of payroll:
| Annual Payroll | Est. Annual Premium | Est. Monthly |
|---|---|---|
| $50,000 | $695.00 | $57.92 |
| $100,000 | $1,390.00 | $115.83 |
| $200,000 | $2,780.00 | $231.67 |
| $500,000 | $6,950.00 | $579.17 |
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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