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 5040
| Year | Rate (per $100) | Year-over-Year | Status |
|---|---|---|---|
| 2026 Active | $7.16 | — | NCCI FL Filing |
| 2025 | $6.82 | -4.7% ($0.34) | NCCI FL Filing |
| 2024 | $7.22 | +5.9% (+$0.40) | NCCI FL −15.1% overall |
| 2023 | $7.98 | +10.5% (+$0.76) | NCCI FL Filing |
| 2022 | $8.26 | +3.5% (+$0.28) | 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
Iron or Steel Erection-Frame
Iron or Steel Erection-Frame businesses, such as contractors and construction companies that specialize in building and repairing steel frames for commercial and industrial projects, are typically assigned this class code. These businesses often operate in high-risk environments with a significant exposure to falls, electrical hazards, and equipment accidents, resulting in a higher risk profile in Florida. A pay-as-you-go PEO workers comp solution is a natural fit for these companies, as it allows them to manage their workers comp costs more effectively and avoid cash flow disruptions associated with traditional annual policies.
Quick Premium Estimate
Based on the 2026 filed rate of $7.16 per $100 of payroll:
| Annual Payroll | Est. Annual Premium | Est. Monthly |
|---|---|---|
| $50,000 | $3,580.00 | $298.33 |
| $100,000 | $7,160.00 | $596.67 |
| $200,000 | $14,320.00 | $1,193.33 |
| $500,000 | $35,800.00 | $2,983.33 |
These are estimates based on the filed rate only and do not include SUTA, admin fees, or other charges. Get a full itemized quote →
Get a Real Quote for Code 5040
See exactly what you should be paying for this code vs. what you could pay with us.
Get Instant Quote Talk to a Specialist