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 5705
| Year | Rate (per $100) | Year-over-Year | Status |
|---|---|---|---|
| 2026 Active | $7.74 | — | NCCI FL Filing |
| 2025 | $8.71 | +12.5% (+$0.97) | NCCI FL Filing |
| 2024 | $9.33 | +7.1% (+$0.62) | NCCI FL −15.1% overall |
| 2023 | $10.99 | +17.8% (+$1.66) | NCCI FL Filing |
| 2022 | $11.52 | +4.8% (+$0.53) | 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
Salvage Operation-Damanged Building Removal-No Wrecking
Salvage operation businesses involved in damaged building removal without wrecking, such as those specializing in asbestos remediation or hazardous materials removal, fall under this classification. The Florida risk profile for these operations is generally moderate, with a potential for high-risk activities involving heavy equipment and hazardous materials. Pay-as-you-go PEO workers comp is a natural fit for this class, as it allows businesses to budget their workers comp premiums more accurately and aligns with the variable and often unpredictable nature of salvage operations.
Quick Premium Estimate
Based on the 2026 filed rate of $7.74 per $100 of payroll:
| Annual Payroll | Est. Annual Premium | Est. Monthly |
|---|---|---|
| $50,000 | $3,870.00 | $322.50 |
| $100,000 | $7,740.00 | $645.00 |
| $200,000 | $15,480.00 | $1,290.00 |
| $500,000 | $38,700.00 | $3,225.00 |
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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