Florida Workers’ Compensation Rates

//Florida Workers’ Compensation Rates

Florida Workers’ Compensation Rates

A rate change affecting most of Florida’s Workers’ Compensation Classification Codes will become effective on January 1, 2019.

  • While the rate change for each code will differ, the average rate decrease for all classes is 13.8%.
  • Consistent improvement in loss experience is the primary driver underlying this rate decrease. More specifically, a long-term decline in claim frequency has continued to more than offset moderate increases in claims severity.
  • Your rates will change on your Workers’ Compensation Policy Effective Date, rather than being effective for you on 1/1/19.
  •  Recent Rate Changes:
    2019 – January: -13.8%
    2018 – June: -1.8%
    2018 – January: -9.5%
    2016 – December: +14.5%
    2016 – January: -4.7%
  • Locate your Classification Codes in the linked attachment to see how your rates were affected.
  • We hope you find this information helpful. If we can be of service to you, please do not hesitate to contact us.

Florida Workers’ Compensation Rates

By |2018-12-05T18:20:21+00:00December 5th, 2018|Education Articles|0 Comments

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