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 5651
| Year | Rate (per $100) | Year-over-Year | Status |
|---|---|---|---|
| 2026 Active | $4.89 | — | NCCI FL Filing |
| 2025 | $5.24 | +7.2% (+$0.35) | NCCI FL Filing |
| 2024 | $5.87 | +12.0% (+$0.63) | NCCI FL −15.1% overall |
| 2023 | $6.72 | +14.5% (+$0.85) | NCCI FL Filing |
| 2022 | $7.68 | +14.3% (+$0.96) | 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
Framers-3 Stories or Less-
As a PEO agency, GarrettRichard works with framing contractors who build three stories or less, which typically includes small to medium-sized construction companies. This class of workers faces a moderate Florida risk profile, with a higher likelihood of accidents on job sites. Pay-as-you-go workers comp is a natural fit for this class due to the varying project sizes and uncertain revenue streams, allowing businesses to avoid the costs of traditional annual premium payments.
Quick Premium Estimate
Based on the 2026 filed rate of $4.89 per $100 of payroll:
| Annual Payroll | Est. Annual Premium | Est. Monthly |
|---|---|---|
| $50,000 | $2,445.00 | $203.75 |
| $100,000 | $4,890.00 | $407.50 |
| $200,000 | $9,780.00 | $815.00 |
| $500,000 | $24,450.00 | $2,037.50 |
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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