Topics:
September 2, 2025
The NCCI proposed a 6.9% decrease for new and renewal policies
The National Council on Compensation Insurance (NCCI) proposed a 6.9% decrease for workers’ compensation insurance rates on new and renewal policies, effective January 1, 2026. The rate decrease is pending approval from Florida’s Insurance Commissioner. If approved, this will be the 9th consecutive year of reductions, following a 1% decrease in 2025 and a 15.1% decrease in 2024.
NFIB has advocated for rate reductions for Florida’s small businesses as owners continue to manage inflationary business costs.
The Office of Insurance Regulation (OIR) will hold a public hearing later this month and will either approve or request a modification of the rate request in October or early November.
State:
Get to know NFIB
NFIB is a member-driven organization advocating on behalf of small and independent businesses nationwide.
Related Articles
Related
June 5, 2026
Governor Lee Signs Regulatory Freedom Act into Law
Legislation was a priority for NFIB members.
Read More
Related
June 5, 2026
Florida Small Business Job Openings Decline in May
Main Street owners contend with increased labor costs
Read More
Related
June 4, 2026
2026 Vermont Legislative Recap Part III: Small Business Regulations
Small businesses will need to watch out for some new regulations.
Read More
Related
June 4, 2026
SCOTUS Decision Upholds Unfair FCC Enforcement Procedures
NFIB is disappointed in today’s decision from the United States Supreme Court concluding that the FCC’s enforcement and forfeiture proceedings do not violate t…
Read More