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 8103
| Year | Rate (per $100) | Year-over-Year | Status |
|---|---|---|---|
| 2026 Active | $2.03 | — | NCCI FL Filing |
| 2025 | $2.24 | +10.3% (+$0.21) | NCCI FL Filing |
| 2024 | $2.42 | +8.0% (+$0.18) | NCCI FL −15.1% overall |
| 2023 | $2.97 | +22.7% (+$0.55) | NCCI FL Filing |
| 2022 | $3.07 | +3.4% (+$0.10) | 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
Wool Merchant
Wool merchant businesses in Florida typically employ workers involved in the buying and selling of wool and related products, such as textile manufacturers, wholesalers, and importers. This class is associated with a relatively high risk profile, given the potential for workers to be exposed to hazardous materials, heavy lifting, and other workplace injuries. A pay-as-you-go PEO workers comp solution is a natural fit for wool merchant businesses, allowing them to manage their workers comp costs more accurately and avoid the financial burden of upfront premium payments.
Quick Premium Estimate
Based on the 2026 filed rate of $2.03 per $100 of payroll:
| Annual Payroll | Est. Annual Premium | Est. Monthly |
|---|---|---|
| $50,000 | $1,015.00 | $84.58 |
| $100,000 | $2,030.00 | $169.17 |
| $200,000 | $4,060.00 | $338.33 |
| $500,000 | $10,150.00 | $845.83 |
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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