See what Florida workers comp actually costs for your trade — by class code, payroll size, and coverage type. Then get an instant PEO quote with no deposit required.
Florida workers comp premium is calculated using a straightforward formula — but the inputs vary dramatically by industry:
Premium Formula:
(Annual Payroll ÷ 100) × Class Code Rate × Experience Modifier
Class Code Rate
Set by NCCI based on injury risk for your trade. Roofing pays 40× more than office work.
Payroll
Every dollar of wages is rated. More workers = higher premium. PEO billing is per payroll cycle.
Experience Modifier
Your claims history. Clean record = modifier below 1.0 (discount). Claims = above 1.0 (surcharge).
Example Calculation
Roofing company · $300,000 payroll · Rate: $22/100 · No claims (mod 1.0)
($300,000 ÷ 100) × $22 × 1.0 = $66,000/year
With a PEO program, this is billed ~$5,500/month with no large deposit.
Rates shown are per $100 of payroll. Actual rates depend on carrier, claims history, and PEO vs. traditional market.
| Industry | Class Code | Low Rate | High Rate | Risk Level |
|---|---|---|---|---|
| Roofing | 5551 | $15.00 | $40.00 | Very High |
| Structural Steel / Iron | 5040 | $12.00 | $30.00 | Very High |
| General Construction | 5403 | $8.00 | $18.00 | High |
| Concrete / Masonry | 5022 | $7.00 | $16.00 | High |
| Electrical (residential) | 5190 | $5.00 | $12.00 | High |
| Plumbing | 5183 | $5.00 | $11.00 | Medium-High |
| Painting (exterior) | 5474 | $6.00 | $14.00 | High |
| Landscaping | 0042 | $4.00 | $9.00 | Medium |
| Towing / Auto Recovery | 7219 | $8.00 | $20.00 | High |
| Trucking (long-haul) | 7228 | $6.00 | $15.00 | Medium-High |
| Home Health Aide | 8835 | $3.00 | $8.00 | Medium |
| Staffing (clerical) | 8810 | $0.30 | $1.50 | Low |
| Restaurant / Food Service | 9082 | $1.50 | $4.00 | Low-Medium |
| Retail Store | 8017 | $0.80 | $2.50 | Low |
| HVAC (commercial) | 5537 | $5.00 | $12.00 | Medium-High |
Source: NCCI Florida rate filings. Rates are indicative ranges; actual premium varies by carrier and individual risk factors.
For high-risk industries like roofing, construction, and towing, the traditional market often declines coverage entirely — or charges maximum rates. A PEO workers comp program works differently:
Pooled risk
Your payroll is grouped with hundreds of other employers. The PEO's combined experience modifier is lower than any individual high-risk employer's.
No deposit
Traditional policies require 25–33% of annual premium upfront. PEO programs bill per payroll cycle — no large check on day one.
No audit surprises
Pay-as-you-go billing means your premium tracks actual payroll. No year-end audit bill for underestimated payroll.
Same-day COI
PEO programs issue certificates of insurance immediately. No waiting for a carrier to process your application.
The table above shows ranges. Your actual PEO workers comp rate depends on your specific trade, payroll, and state. Get a real quote from Comp Ninjas in under 2 minutes.
Get My Actual Rate →No deposit · Same-day COI · Hard-to-place trades welcome