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.
Why this matters for Florida professionals
• Lower operating costs for brokers, agencies, and real estate firms with payroll-based policies.
• Encourages hiring and expansion across construction, housing, and property management sectors.
• Extends a multi-year trend of easing statewide business expenses.
Dig deeper: official documents & hearings
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.
