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 & PremiumAs workers compensation insurance celebrates 100 years, we encourage our clients and readers to reflect on the history of this coverage and the implications of the Great Trade-Off. In 2008, some students from Nimitz High in Houston Texas put together the following video for the 2008 National History Day. It gives a good overview of […]
In 2011, we celebrate the workers compensation insurance system as it reaches its centennial mark in the United States. The workers comp system was born in 1911 when nine states began adopting laws requiring companies to compensate workers for on-the-job injuries in exchange for workers foregoing their right to sue. Employers Mutual Liability Insurance Company […]
As part of a statewide crackdown on identity theft and workers’ compensation fraud, Florida Chief Financial Officer Jeff Atwater announced yesterday the arrests of three Lake Worth men for using stolen social security numbers to fraudulently gain employment. Investigations continue into the possible fraudulent use of the same social security numbers by other individuals across […]
This information is provided by FUBA Workers Comp in their handout entitled A Contractor’s Guide To Workers’ Compensation. I thought this valuable information was worth sharing with our readers: What workers’ comp requirements must I follow as a contractor? Florida law requires you to have an active workers’ comp policy or an exemption from workers’ […]
When a workers comp insurance carrier in the state of Florida becomes insolvent, the Florida Workers’ Compensation Insurance Guaranty Association (FWCIGA) evaluates the claims and pays benefits to the injured employees. Fees are assessed from other insurance carriers and self-insured funds throughout the state.
Dividend Plans are an excellent way for Florida businesses to reduce their costs associated with workers’ compensation insurance premium. There are two primary types of dividends, Flat and Sliding Scale. This article provides more information about these programs.
Workers compensation is unique in that it is the only type of insurance that does not describe the terms of coverage in the policy documents, but those terms are defined in the state statutes. There are other unusual characteristics of the coverage that are described in this article.
The cost of workers compensation insurance is based on the payroll of a business and the risk of the job duties for those employees. This article gives an introduction to understanding this process of calculating the manual premium.
Business owners that purchase workers compensation insurance should be on the lookout for employee/claimant fraud and understand the importance of reducing this throughout the state of Florida. There are also three ways employers commit workers comp fraud and there is an estimated 6 billion paid each year as a result of all workers compensation fraud.
This article describes the purpose of using individual experience mods and the experience rating process in Florida’s workers compensation system. Experience modification factors directly impact the premium a business spends on this line of insurance.
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).