Workers’ compensation insurance rates in Florida may see an average decrease of 6.9 percent for 2026, according to a recent filing. The proposed reduction follows a trend of fewer and less severe claims, which industry observers attribute to employers’ efforts to improve workplace safety and help employees return to work more quickly.
A public hearing by the Office of Insurance Regulation (OIR) is expected in mid-September. The OIR will decide whether to approve or modify the rate request by October or early November. If approved, the new rates would apply to policies issued or renewed starting 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 the announcement.
The Florida Chamber has reported that local businesses continue to view insurance costs as a significant challenge. Business owners interested in learning more about insurance issues can attend the Florida Chamber’s Annual Insurance Summit on December 4-5, 2025, at JW Marriott Orlando Grande Lakes.
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