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 5190
| Year | Rate (per $100) | Year-over-Year | Status |
|---|---|---|---|
| 2026 Active | $2.97 | — | NCCI FL Filing |
| 2025 | $3.21 | +8.1% (+$0.24) | NCCI FL Filing |
| 2024 | $3.23 | +0.6% (+$0.02) | NCCI FL −15.1% overall |
| 2023 | $3.81 | +18.0% (+$0.58) | NCCI FL Filing |
| 2022 | $4.13 | +8.4% (+$0.32) | 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
Electrical Wiring-Inside & Drivers-Electrition
Electrical wiring and electrical contractor businesses, such as those specializing in residential and commercial electrical work, including installation, repair, and maintenance services, typically fall under this class code. These businesses often have a moderate to high risk profile in Florida due to factors like electrical shock, falls from heights, and equipment-related accidents. Pay-as-you-go workers' compensation is a natural fit for these businesses as it allows them to pay for coverage only as they incur payroll, helping to manage cash flow and reduce upfront costs.
Quick Premium Estimate
Based on the 2026 filed rate of $2.97 per $100 of payroll:
| Annual Payroll | Est. Annual Premium | Est. Monthly |
|---|---|---|
| $50,000 | $1,485.00 | $123.75 |
| $100,000 | $2,970.00 | $247.50 |
| $200,000 | $5,940.00 | $495.00 |
| $500,000 | $14,850.00 | $1,237.50 |
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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