Florida Workers Comp Rates 2026: 6.9% Decrease & What Businesses Need to Know

Florida workers comp rates dropped 6.9% for 2026. Learn how the rate decrease affects your business, new class code changes, and coverage options.

TL;DR Florida's workers compensation rates dropped 6.9% for 2026—the ninth consecutive annual decrease. Effective January 1, 2026, most employers will see lower manual rates across all class codes. But here's where most contractors get caught: small businesses in high-risk industries (roofing, tree service, concrete work) are finding fewer carriers willing to write new policies, tighter underwriting standards, and premium increases despite the rate cut. If you're a small employer with claims history or operate in a volatile class code, that 6.9% savings may never reach your renewal invoice. This article breaks down what actually changed, who benefits, who gets squeezed, and the three paths available when voluntary market carriers decline your business. What happened On November 15, 2025, the Florida Office of Insurance Regulation approved the National Council on Compensation Insurance (NCCI) filing for a 6.9% average rate decrease effective January 1, 2026. This marks the ninth consecutive year of workers comp rate reductions in Florida—a streak that began in 2018. The approved rates apply to all new and renewal policies with effective dates on or after January 1, 2026. The decrease affects the manual rates (the base rate per $100 of payroll) used to calculate premiums before experience modification and schedule credits are applied. Key numbers for 2026: Construction officers**: Minimum weekly payroll increased to $1,731 (up from $1,697 in 2025) Non-construction officers**: Minimum weekly payroll set at $1,154 (up from $1,131) Sole proprietors and partners**: Minimum annual payroll remains $48,100 for construction, $32,100 for non-construction Class code rates**: Every classification saw adjustments—some dropped 15%, others only 2% The rate filing also included…