Official Release from FAPEO: Florida Finalizes 6.9% Workers’ Comp Rate Decrease

FAPEO has released an official update on Florida’s workers’ compensation rates, confirming the approved 6.9% statewide decrease effective January 1, 2026. This marks the ninth consecutive year of reductions and reflects ongoing stability in the state’s workers’ comp system. 

Please find below the full press release to gain a clear insight.

6.9% Rate Decrease for Workers' Compensation Policies - The 9th Consecutive Year of Decreases

TALLAHASSEE, Fla. Florida Insurance Commissioner Mike Yaworsky issued a Final Order approving a statewide overall rate decrease of 6.9% for workers' compensation policies. The reduction, proposed by the National Council on Compensation Insurance (NCCI), applies to both new and renewal policies effective in Florida starting Jan. 1, 2026. This marks the ninth consecutive year Florida has lowered these rates, providing significant, sustained relief for employers across the state.

“I am pleased to approve a substantial rate cut of 6.9% for Florida’s workers’ compensation policies this upcoming year. This rate decrease directly translates to reduced operating costs for businesses, encouraging investment and growth throughout Florida's economy,” said Commissioner Mike Yaworsky. “This also marks the ninth consecutive year of rate decreases for workers’ compensation policies—more evidence of Florida’s success in managing risk and maintaining a competitive insurance environment.”

The Office of Insurance Regulation (OIR) hosted a virtual public hearing regarding the rate proposal, which is available for viewing here. Additional information regarding the NCCI public hearing and rate filing is available on OIR’s website here.

For highlights on Florida’s insurance market, click here. 

Source: Florida Association of Professional Employer Organizations (FAPEO)