Florida workers' comp rates to fall nearly 7% next year

Florida’s employers will pay less for workers' compensation insurance starting in January.

The state’s Office of Insurance Regulation announced Monday that Commissioner Mike Yaworsky has issued a final order approving a 6.9% rate decrease effective Jan. 1. 

This is the ninth consecutive year that the state’s insurance overseer has allowed the rate to be cut. Last year, it approved a 1% decrease. In 2023 it approved a 15.1% decrease and in 2018 a 13.8% decrease was approved.