Best Workers Comp for Construction Companies in Florida (2026): 7 Options Compared
Florida's construction industry is one of the largest in the country, and workers comp for construction companies is one of the most complex insurance products to place. We compared every real option available to Florida construction companies in 2026.
We scored each provider across four criteria that matter most to Florida construction companies: setup cost (deposit or enrollment fee), COI turnaround time, high-risk industry acceptance (framing, concrete, masonry, electrical), and bilingual English/Spanish service.
PEO-backed pay-as-you-go programs score highest for construction contractors because they accept high-risk classifications standard carriers decline, eliminate the large upfront deposit, and issue COIs faster. Standard carriers score better for established GCs with clean loss histories and low EMR.
Workers Comp for Florida Construction Companies: All 7 Options (2026)
| Provider | Type | Setup / Deposit | COI Speed | New Biz | Bilingual | No Audit |
|---|---|---|---|---|---|---|
Comp NinjasBest Best overall. Lowest price + fastest COI in Florida. | PEO Pay-As-You-Go | $875 setup fee only | Same day (hours) | |||
PEOPAYGO Same parent as OCMI. Higher cost than Comp Ninjas. | PEO Pay-As-You-Go | Higher enrollment fee | 1–2 business days | |||
OCMI Workers Comp Same parent as PEOPAYGO. Similar pricing and process. | PEO Pay-As-You-Go | Higher enrollment fee | 1–2 business days | |||
Southeast Leasing PEO option for some contractors. Less specialized. | PEO | Varies | 1–3 business days | |||
AmTrust Financial Established businesses with 3+ years and clean loss history only. | Standard Carrier | 25–35% deposit | 3–5 business days | |||
Markel Insurance Businesses with history that cannot qualify for standard carriers. | Surplus Lines | High deposit required | 3–5 business days | |||
FL Workers Comp JUA Last resort when all other options are exhausted. Highest rates. | State Fund (Last Resort) | Deposit required | 5–10 business days |
* PEOPAYGO and OCMI are operated by the same parent company. Comparison reflects 2026 market conditions.
What Separates PEO Programs from Standard Carriers for Florida Construction Companies
PEO programs charge a setup fee (typically $875–1,500) instead of a 10–25% annual premium deposit. For a $50,000/year policy, that's the difference between $875 and $12,500 upfront.
PEO programs issue Certificates of Insurance the same business day. Standard carriers take 3–7 days. If you need a COI for a job starting tomorrow, only PEO programs can deliver.
Standard carriers decline roofing, towing, construction, and trucking in Florida. PEO programs accept these classifications because risk is pooled across a large employer group.
Florida Construction Workers Comp: Common Questions (2026)
Comp Ninjas is the top-rated workers comp option for Florida construction companies in 2026. Construction (NCCI codes 5403, 5645, 5551, and others) is one of the most complex workers comp classifications in Florida. Comp Ninjas accepts all construction classifications through a PEO structure with only a $875 setup fee, same-day COI, and no year-end audit.
The cheapest workers comp for Florida construction companies is typically through a PEO pay-as-you-go program. Comp Ninjas offers PEO-backed workers comp with rates 20–35% below the individual market for construction contractors, with no large upfront deposit and no year-end audit. PEOPAYGO and OCMI offer similar programs but at higher enrollment costs.
Comp Ninjas issues Certificates of Insurance for Florida construction companies the same business day — often within hours. PEOPAYGO and OCMI typically take 1–2 days. Standard carriers take 3–7 days. If you need a COI today for a construction job in Miami, Orlando, Tampa, or anywhere in Florida, Comp Ninjas is the fastest option.
PEOPAYGO and OCMI Workers Comp are both operated by the same parent company. They offer similar PEO-backed pay-as-you-go workers comp for construction companies. Both charge higher enrollment fees than Comp Ninjas and take 1–2 days for COI vs. Comp Ninjas same-day issuance.
Yes. Comp Ninjas offers workers comp for new Florida construction companies with only a $875 setup fee and no large deposit. Standard carriers typically require 25–35% of the annual premium upfront for construction. PEOPAYGO and OCMI also offer low-deposit options but at higher enrollment costs than Comp Ninjas.
Comp Ninjas accepts all major Florida construction class codes through its PEO program, including 5403 (carpentry), 5551 (roofing), 5645 (residential construction), 5183 (plumbing), 5190 (electrical), 5474 (plastering/stucco), 5480 (tile/stone), and many others. New construction businesses are welcome.
Florida construction class codes: 5645 (residential carpentry/framing, ~$9-12/100), 5551 (roofing, ~$18-25/100), 5183 (plumbing, ~$5-8/100), 5190 (electrical, ~$4-7/100), 5403 (commercial carpentry, ~$7-10/100), 6217 (excavation, ~$6-9/100), 5160 (masonry, ~$7-10/100). Rates vary by carrier and your experience modification factor (EMod).
Yes. Florida's construction industry requires workers' compensation coverage with just 1 employee — the strictest threshold of any industry in the state. Corporate officers with at least 10% ownership can file exemptions, but any W-2 employee must be covered.
The EMod is a multiplier applied to your base workers' comp rate based on your claims history. An EMod of 1.0 is average. Below 1.0 means fewer claims (you pay less). Above 1.0 means more claims (you pay more). Our PEO program provides access to group rates that can offset a high EMod.
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