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 7540
| Year | Rate (per $100) | Year-over-Year | Status |
|---|---|---|---|
| 2026 Active | $1.62 | — | NCCI FL Filing |
| 2025 | $1.66 | +2.5% (+$0.04) | NCCI FL Filing |
| 2024 | $1.67 | +0.6% (+$0.01) | NCCI FL −15.1% overall |
| 2023 | $1.97 | +18.0% (+$0.30) | NCCI FL Filing |
| 2022 | $2.17 | +10.2% (+$0.20) | 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
Rural Electrification Adminstration - Light or Power Cooperative
Rural Light or Power Cooperatives in Florida are a key sector of the state's energy infrastructure, employing lineworkers, repair technicians, and administrative staff in rural areas. These workers face a moderate to high risk profile due to the physical demands of their jobs and exposure to electrical hazards, making workers compensation insurance a critical component of their risk management strategy. Pay-as-you-go PEO workers comp is a natural fit for this class, allowing cooperatives to better manage their cash flow and reduce the financial strain associated with workers comp premiums.
Quick Premium Estimate
Based on the 2026 filed rate of $1.62 per $100 of payroll:
| Annual Payroll | Est. Annual Premium | Est. Monthly |
|---|---|---|
| $50,000 | $810.00 | $67.50 |
| $100,000 | $1,620.00 | $135.00 |
| $200,000 | $3,240.00 | $270.00 |
| $500,000 | $8,100.00 | $675.00 |
These are estimates based on the filed rate only and do not include SUTA, admin fees, or other charges. Get a full itemized quote →
Get a Real Quote for Code 7540
See exactly what you should be paying for this code vs. what you could pay with us.
Get Instant Quote Talk to a Specialist