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TALLAHASSEE, Fla. – Florida Insurance Commissioner David Altmaier has issued a Final Order granting approval to the National Council on Compensation Insurance (NCCI) for a statewide overall decrease of 6.6% for Florida workers’ compensation insurance rates. This applies to both new and renewal workers’ compensation insurance policies effective in Florida as of January 1, 2021.
“My administration remains committed to fully supporting Florida businesses, and we will continue to ensure Florida’s job creators are well positioned during our state’s economic recovery. This decrease in workers’ compensation rates will serve as welcome relief for our employers,” said Governor Ron DeSantis.
“We are pleased to see continued decreases in workers’ compensation rates for Florida businesses. Florida businesses have seen unprecedented challenges this year and lowering these costs will help increase stability for employers and ultimately, Florida’s families,” said Attorney General Ashley Moody.
“This further reduction in workers’ compensation insurance rates for 2021 reflects the continued commitment to safety and innovation in Florida workplaces. The decline in workers compensation claims, which is reflected in lower rates, is a positive indicator for Florida businesses,” said Insurance Commissioner David Altmaier.