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 5160
| Year | Rate (per $100) | Year-over-Year | Status |
|---|---|---|---|
| 2026 Active | $1.57 | — | NCCI FL Filing |
| 2025 | $1.63 | +3.8% (+$0.06) | NCCI FL Filing |
| 2024 | $1.59 | -2.5% ($0.04) | NCCI FL −15.1% overall |
| 2023 | $1.80 | +13.2% (+$0.21) | NCCI FL Filing |
| 2022 | $1.96 | +8.9% (+$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
Elevators Errection & Rep
Elevator constructors and repair workers across Florida require specialized insurance coverage due to the hazardous nature of their occupation. As a high-risk class, these workers are more likely to incur costly workers' compensation claims, resulting in higher premiums for businesses. A pay-as-you-go PEO workers' comp model is a natural fit for these firms, as it allows them to manage their cash flow and reduce upfront costs associated with paying for workers' compensation insurance.
Quick Premium Estimate
Based on the 2026 filed rate of $1.57 per $100 of payroll:
| Annual Payroll | Est. Annual Premium | Est. Monthly |
|---|---|---|
| $50,000 | $785.00 | $65.42 |
| $100,000 | $1,570.00 | $130.83 |
| $200,000 | $3,140.00 | $261.67 |
| $500,000 | $7,850.00 | $654.17 |
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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