How much is Workers' Compensation in Florida 2025?

Florida Workers' Comp Rates

Here’s a list of the state's most common industries and the corresponding rates from one of our partner carriers:

Note:
This rate is just a starting point. Your final premium will include additional taxes and fees and may be adjusted based on your company's claims history.  

How can I calculate my Florida workers' compensation rates?

Here’s a formula you can use to get a basic estimate of your premium: 

Annual employee payroll divided by $100 x industry rate = your premium

Each industry in Florida is assigned a specific class code with an accompanying rate by the state.

Begin by finding your class code and rate. Once you have your industry rate, calculate your company’s annual gross projected payroll, divide that number by $100, and then multiply by your industry rate.

Kickstand Example:

Let's say you operate a cleaning company in Florida and employ 6 full time cleaners with a combined annual payroll of $200,000. To estimate your workers' comp costs, you would first divide the total payroll by $100, to get 2,000.  Next, multiply this number by Florida’s rate for electricians, which is $2.16. This calculation (2,000 x $2.16) gives you an estimated annual premium of $4,320.

How are Florida Workers’ Compensation Rates set? 

Florida's workers' compensation insurance rates are set by the National Council on Compensation Insurance (NCCI). These rates are based on job classifications, associated risks, and past claims data. Rates are typically quoted per $100 of the employer's payroll.

For example, in 2025, clerical workers in Florida, who typically represent one of the lowest risk categories, have a workers' compensation rate of $0.13 for every $100 of payroll. This means that for a secretary or administrative assistant with an average annual salary of $40,000, the cost of workers' compensation insurance would be approximately $52 per year.

Property managers in Florida, who face moderate risks, have a workers' comp rate of $2.74 per $100 of payroll. For a property manager with an average salary of $58,000, the annual cost would be around $1,589.

On the other hand, roofing workers in Florida, who face much greater risks on the job, have a rate of $8.24 per $100 of payroll, which equates to an annual cost of approximately $3,460 for a worker with an average salary of $42,000.

Below is a chart showing the average workers’ comp premiums for various industries in Florida for 2025. Please note that these figures are estimates based on average salaries and standard rates. The actual cost of workers' compensation for your business could be higher or lower, depending on your specific circumstances, including your company's claims history and any additional factors that insurance companies consider.

Recent changes to Florida's Workers' Compensation Rates

Florida businesses experienced a favorable development when the state approved a 15.1% decrease in workers' compensation rates for 2024. This reduction applies to both new and renewal policies starting January 1, 2024. It reflects the broader trend toward lower insurance costs for employers and comes thanks to fewer claims, safer workplaces, and legislative reforms affecting the workers' compensation system.

How can Florida businesses keep costs down?

Employers can manage their workers' compensation costs through several strategies:

Safety Programs: Implementing safety training can reduce workplace injuries, thus lowering the Ex-Mod and insurance premiums over time.

Return-to-Work Programs: Facilitating the return of injured workers to work, even in a limited capacity, can help to minimize the cost of claims.

Regular Payroll Audits: Accurate payroll reporting ensures that you are not overpaying for insurance coverage.

Comparative Shopping: It's beneficial to compare rates from different insurers to  find the best deal for your business needs.

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Securing your Savings and Coverage with Kickstand Insurance 

With the recent dip in workers' compensation rates in Florida, it's the perfect time for businesses to reassess their coverage needs. At Kickstand Insurance, we're dedicated to partnering with you every step of the way.

Our approach is straightforward yet thorough: we work tirelessly to ensure you benefit from the most comprehensive coverage at the most affordable rates. 

Ready to take the first step? Our instant quote process is designed to be quick and easy. Fill it out here to start the journey toward better coverage and savings. 

With Kickstand Insurance, you're not just getting a policy; you're gaining a trusted ally who will stand by you, ensuring that when it comes to workers' comp, you're as protected as can be. Let's make sure your insurance works as hard as you do.