Florida Approves 6.9% Workers’ Compensation Rate Cut for 2026

Florida employers are getting another break on business expenses: the state has approved a 6.9% reduction in workers’ compensation insurance rates for 2026, marking the ninth consecutive year that rates have gone down.

Insurance Commissioner Mike Yaworsky officially signed off on the rate cut, which was proposed by the National Council on Compensation Insurance (NCCI). The decrease applies to all new and renewal workers’ comp policies beginning January 1, 2026.

Yaworsky noted the trend reflects Florida’s improvements in managing workplace risks and stabilizing insurance costs. “This rate decrease directly translates to reduced operating costs for businesses, encouraging investment and growth throughout Florida’s economy,” he said.

With another rate reduction locked in, Florida businesses—from contractors to real estate brokerages—can expect additional breathing room in 2026 as statewide operational costs continue trending downward.