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 5606
| Year | Rate (per $100) | Year-over-Year | Status |
|---|---|---|---|
| 2026 Active | $0.85 | — | NCCI FL Filing |
| 2025 | $0.86 | +1.2% (+$0.01) | NCCI FL Filing |
| 2024 | $0.83 | -3.5% ($0.03) | NCCI FL −15.1% overall |
| 2023 | $1.05 | +26.5% (+$0.22) | NCCI FL Filing |
| 2022 | $1.14 | +8.6% (+$0.09) | 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
General Contractor-Project Manager
General Contractors-Project Managers in Florida are typically involved in high-risk construction projects, managing teams of workers from various trades and vendors, resulting in a high likelihood of on-site accidents and workers' compensation claims. This risk profile makes pay-as-you-go PEO workers comp a natural fit for this class, as it allows businesses to pay only for the actual workers comp coverage needed for employees, reducing upfront costs and minimizing the financial impact of unexpected claims. By leveraging a PEO agency like GarrettRichard, businesses in this class can better manage their workers comp costs and focus on the success of their projects.
Quick Premium Estimate
Based on the 2026 filed rate of $0.85 per $100 of payroll:
| Annual Payroll | Est. Annual Premium | Est. Monthly |
|---|---|---|
| $50,000 | $425.00 | $35.42 |
| $100,000 | $850.00 | $70.83 |
| $200,000 | $1,700.00 | $141.67 |
| $500,000 | $4,250.00 | $354.17 |
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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