Workers’ compensation insurance rates in Florida could see an average decrease of 6.9 percent for 2026, according to a recent rate filing. The proposed reduction is influenced by a continued decline in both the frequency and severity of claims, reflecting a broader national trend. This improvement has been attributed to employers’ efforts to improve workplace safety, which have led to fewer injuries and faster return-to-work times for employees.
The Office of Insurance Regulation (OIR) is expected to hold a public hearing on the proposed rates in mid-September. A decision on whether to approve or modify the rate request is anticipated in October or early November. If approved, the new rates would apply to policies issued or renewed beginning January 1, 2026.
Local businesses in Florida have expressed concerns about insurance costs being a burden on their operations. The Florida Chamber will address these issues at its Annual Insurance Summit scheduled for December 4-5, 2025, at the JW Marriott Orlando Grande Lakes.
“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,” the statement said.
