Starting January 1, 2020, new and renewal Florida workers’ compensation policies with effective dates beginning January 1, 2020, through December 31, 2020, will have a 1% surcharge to help provide a safety net for the state’s injured employees. The Florida Workers’ Compensation Insurance Guaranty Association (FWCIGA) pays the claims of injured employees if an insurance carrier becomes insolvent. The Florida … Read More
March is National Ladder Safety Month
Each year, more than 100 workers are fatally injured in ladder-related accidents, with thousands more suffering disabling injuries. Whether you’re on the job site or checking off your to-do list at home, keeping safety top of mind when using a ladder can help avoid a serious injury or even death. This year marks the third annual National Ladder Safety Month, presented … Read More
OIR Approves Workers’ Comp Insurance Rate Decrease
TALLAHASSEE, FL–The Florida Office of Insurance Regulation announced today that it has approved a rate decrease for workers’ compensation insurance in Florida. The 1.8% decrease was filed by the National Council on Compensation Insurance (NCCI) in a law-only filing resulting from the effects of the Federal Tax Cuts and Jobs Act. Florida Chief Financial Officer Jimmy Patronis said, “Reducing insurance … Read More