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 5508
| Year | Rate (per $100) | Year-over-Year | Status |
|---|---|---|---|
| 2026 Active | $4.41 | — | NCCI FL Filing |
| 2025 | $5.13 | +16.3% (+$0.72) | NCCI FL Filing |
| 2024 | $5.65 | +10.1% (+$0.52) | NCCI FL −15.1% overall |
| 2023 | $7.06 | +25.0% (+$1.41) | NCCI FL Filing |
| 2022 | $8.34 | +18.1% (+$1.28) | 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
Street or Road Const & Drivers- Excavating Rock
Street or Road Construction and Excavating Rock workers and drivers in Florida face a moderate to high risk profile due to the physical demands of the job, heavy machinery, and potential exposure to hazardous materials. Businesses operating under this code often require specialized training and equipment to ensure worker safety, which can increase their workers' compensation insurance costs. Pay-as-you-go PEO workers comp is a natural fit for these operations, allowing them to better manage cash flow and avoid large upfront premium payments that can be a strain on small to mid-sized construction companies.
Quick Premium Estimate
Based on the 2026 filed rate of $4.41 per $100 of payroll:
| Annual Payroll | Est. Annual Premium | Est. Monthly |
|---|---|---|
| $50,000 | $2,205.00 | $183.75 |
| $100,000 | $4,410.00 | $367.50 |
| $200,000 | $8,820.00 | $735.00 |
| $500,000 | $22,050.00 | $1,837.50 |
These are estimates based on the filed rate only and do not include SUTA, admin fees, or other charges. Get a full itemized quote →
Get a Real Quote for Code 5508
See exactly what you should be paying for this code vs. what you could pay with us.
Get Instant Quote Talk to a Specialist