Florida workers’ compensation insurance rates may decrease by an average of 6.9 percent in 2026, following a proposal that reflects ongoing improvements in workplace safety across the state. This trend is part of a broader national reduction in both the frequency and severity of claims, which industry experts attribute to employers’ efforts to create safer work environments and support employees returning to work more quickly.
The Florida Office of Insurance Regulation (OIR) will review the proposed rate changes during a public hearing expected in mid-September. A final decision on whether to approve or modify the rates is anticipated by October or early November. If approved, the new rates would apply to policies issued or renewed beginning January 1, 2026.
“Factors influencing this year’s rate filing include a continued reduction in both the frequency and severity of claims, which is also a national trend. This improvement is attributed to employers’ ongoing commitment to enhancing workplace safety, which have reduced workplace injuries and facilitated quicker return-to-work processes for employees,” according to information released about the proposal.
Local businesses in Florida have expressed concerns that insurance costs continue to be a financial challenge. The Florida Chamber has invited stakeholders to participate in discussions at its Annual Insurance Summit scheduled for December 4-5, 2025 at JW Marriott Orlando Grande Lakes.
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