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Standard Discounts in Florida Workers Comp




The standard premium discount that Florida insurance carriers apply to their workers' compensation policies start. for insured companies that pay more than 5,000 dollars a year for workers comp insurance. The discount percentage will change as the company's payroll changes. This is a standard discount in Florida and is used regardless of the insurance carrier on guaranteed cost policies (not retrospective rating policies).The standard discount is tiered. There is not a discount on the first 5,000 dollars of premium and the discount is applied to only the premium above that amount. Below is a chart with the current discount percentages applied to each level of premium.

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The standard premium discount that Florida insurance carriers apply to their workers' compensation policies start. for insured companies that pay more than 5,000 dollars a year for workers comp insurance. The discount percentage will change as the company's payroll changes. This is a standard discount in Florida and is used regardless of the insurance carrier on guaranteed cost policies (not retrospective rating policies).The standard discount is tiered. There is not a discount on the first 5,000 dollars of premium and the discount is applied to only the premium above that amount. Below is a chart with the current discount percentages applied to each level of premium.


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June 16, 2019, 8:40 am PDT

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