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Find the lowest workers' compensation insurance rates in Florida. Get your best price on workers comp and qualify for lower workers' comp rates in FL.
Take a closer look at workers’ compensation insurance rates by state, and learn which states have the lowest and highest costs for employers.
2020. 2019. 2018. 2017. Learn about Florida Workers’ Comp Rates by understanding how these rates are calculated based on your annual payroll and relevant operational codes.
A workers’ compensation rate is represented as the cost per $100 in payroll. For example: A rate of $1.68 means that a business with $100,000 in payroll would pay $1,680 annually in work comp premiums.
In most states, workers’ comp payments are worth two-thirds (66.67%) of a worker’s average weekly wage (AWW) before taxes during the time before their injury or illness. Read more about how much workers’ comp pays in each state.
Explore our list of workers' compensation rates by class codes, reflecting average costs across states provided by a trusted partner carrier.
For example, if your workers’ compensation insurance rate is $1.20, and you have $100,000 in total payroll, that means you’d pay around $1,200 a year for workers’ compensation coverage. And if your rate is $2.50 with $100,000 in payroll, you’d pay $2,500 for worker’s compensation coverage.