Florida Approves 14.5% Workers’ Comp Rate Hike

Is your school ready for the statewide Workers’ Comp rate increase?

The rate increase — effective in December 2016 — is in response to two recent Supreme Court rulings undoing reforms passed in 2003. NCCI (National Council on Compensation Insurance) originally requested a 19.6% increase due to the impactful court rulings. After much debate, the Florida Office of Insurance regulation passed an amended 14.5% surge.

Jimmy Drew at Bowen, Miclette & Britt of Florida, LLC — a FCSA Marketplace partner — can address all your workers-comp-rate-increase questions and help your school navigate the change. Contact him at jjdrew@bmbinc.com, 407-551-0108.

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