Florida Worker’s Comp Clients Could See Rate Decreases

According to this National Council on Compensation Insurance (NCCI) 2019 Florida Workers’ Compensation Rate Filing, Florida businesses could potentially see another workers’ compensation rate decrease next year. If Florida regulators approve this latest filing from the NCCI, a statewide decrease of 13.4 percent could go into effective Jan. 1, 2019. The Florida Office of Insurance Regulation is currently reviewing the filing.

Bill Herrle, Florida executive director of The National Federation of Independent Businesses (NFIB), shared that business owners are very optimistic of this news. He also stated the rate decrease would reduce expenses for business owners and thus encourage growth, further stating that “small business owners are in the driver’s seat and Florida’s economy can look forward to the results – increased job growth, increased wages, and unprecedented expansion overall for the small business sector.”

For information about GIGA Solutions’ workers’ comp solutions, please visit: http://gigasolves1.wpengine.com/commercial-insurance-products/workers-compensation/