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 8116
| Year | Rate (per $100) | Year-over-Year | Status |
|---|---|---|---|
| 2026 Active | $1.91 | — | NCCI FL Filing |
| 2025 | $2.11 | +10.5% (+$0.20) | NCCI FL Filing |
| 2024 | $2.23 | +5.7% (+$0.12) | NCCI FL −15.1% overall |
| 2023 | $2.62 | +17.5% (+$0.39) | NCCI FL Filing |
| 2022 | $2.73 | +4.2% (+$0.11) | 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
Farm Machinery Dealer
Farm machinery dealerships in Florida generally have a moderate risk profile, with workers potentially exposed to physical hazards such as machinery operation and heavy lifting. This class often includes sales staff, mechanics, and other employees involved in the buying, selling, and servicing of agricultural equipment. Pay-as-you-go PEO workers comp is a natural fit for this class as it allows businesses to manage their workers comp expenses in real-time, mitigating cash flow concerns and providing greater financial flexibility.
Quick Premium Estimate
Based on the 2026 filed rate of $1.91 per $100 of payroll:
| Annual Payroll | Est. Annual Premium | Est. Monthly |
|---|---|---|
| $50,000 | $955.00 | $79.58 |
| $100,000 | $1,910.00 | $159.17 |
| $200,000 | $3,820.00 | $318.33 |
| $500,000 | $9,550.00 | $795.83 |
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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