A rate change affecting most of Florida’s Workers’ Compensation Classification Codes will become effective on January 1, 2018.
Locate your Classification Codes in the link below to see how your rates were affected.
While the rate change for each code will differ, the average rate decrease for all classes is 9.8%.
Your rates will change on your Anniversary Rating Date (usually coinciding with your Workers’ Compensation Policy Effective Date), rather than being effective for you on 1/1/18.
There are other changes effective January 1st that may be of interest to you:
The Expense Constant will drop from $200 to $160 per policy.
The USL&H surcharge is increasing from 92% to 94%.
The Terrorism rate is declining from.02 to .01 per $100 of payroll.
The Partners and Sole Proprietors payroll limitation in increasing from $43,800 to $46,100.
Florida Workers’ Compensation Rates
