Florida employers may be paying less for workers’ compensation insurance in 2023. The National Council on Compensation Insurance (NCCI) is recommending an overall average rate level decrease of 8.4 percent for next year.
Did you know that the risk of workplace injuries is higher among first-year employees? A recent analysis of workers’ compensation claims by Travelers revealed that an employee’s first year on the job is often the most dangerous.
Florida’s Office of Insurance Regulation approved an overall average statewide decrease of 4.9 percent for workers’ compensation premiums beginning January 1, 2022.