2020 Proposed Rate Decrease
Duke Mills
Workers Compensation / Premium Recovery & Cost Containment / Injury Management Consultant
NCCI has proposed a 5.4% state-wide average decrease of 2020 workers’ comp rates, due to a significant improvement in loss experience.
In 2016, two separate Florida Supreme Court decisions resulted in changes to the Florida workers’ compensation landscape. Those cases, Castellanos v. Next Door Company, et al. and Westphal v. City of St. Petersburg, et al. brought about retroactive changes to claimant attorney fee and benefit levels. While the full effects of this Supreme Court decision has not completely played out, claims are not reflecting increased costs, as suspected.
For the complete recommendation from NCCI, visit https://www.floir.com/siteDocuments/NCCIFloridaRateFilingNarrative2020.pdf
Do you think Insurance Carriers will find a way to cover this rate decrease? Of course…
- REDUCE Sliding Scale Safety Dividend
- CHARGE premium for subcontractors that are exempt or in a PEO
- CHANGE Employee classifications at audit
We are here for you.
- Get another quote at renewal
- Get prepared for the audit
- Require your agent to attend the audit
If you have any questions or would like help, call us at (863) 646-4642.