Class Codes
Florida Workers Comp Specific
Find the latest information and rates about the class codes on your workers compensations insurance policy. These are used to categorize your employees by job duty.
Quotes for Florida Workers Compensation Insurance
Calculate Rate & PremiumThere are a couple of ways that insurance companies will bill workers’ compensation insurance premiums. Since the premium is based off of the insured’s payroll, both ways involve an audit to verify the payroll amounts. The most common way to bill the premium is through using the estimated payroll. The estimated annual premium is then paid upfront or in installments throughout the year. At the end of the policy year the insurance company will conduct an audit to find out the actual payroll and adjustments will be made to the premium. The other way to bill workers’ compensation premium is through monthly self reporting audits. More information about both of these billing methods and their audtis can be found below.
Workers’ Compensation Insurance was developed during the industrial revolution in an effort to protect workers that were injured on the job. It dates back to…
An alternative to
2022 Florida Workers Comp Rates
View the New Rates
Workers compensation rates change each year. Find out whether the rates for your class codes are increasing or decreasing from last year.
The manual rates are issued by the Florida Office of Insurance Regulation after being analyzed by the National Council on Compensation Insurance (NCCI).