Risk Briefs

Florida employers may be paying less for workers’ compensation insurance in 2023

<big><strong><span style="color: #ff9900;">Florida employers may be paying less for workers’ compensation insurance in 2023</span></strong></big>
Florida employers may be paying less for workers’ compensation insurance in 2023. The National Council on Compensation Insurance (NCCI) is recommending an overall average rate level decrease of 8.4 percent for next year.

Risk of workplace injuries higher among first-year employees

<big><strong><span style="color: #ff9900;">Risk of workplace injuries higher among first-year employees</span></strong></big>
Did you know that the risk of workplace injuries is higher among first-year employees? A recent analysis of workers’ compensation claims by Travelers revealed that an employee’s first year on the job is often the most dangerous.

Great News! Florida’s Workers’ Compensation Insurance Rates Decreasing in 2022

<big><strong><span style="color: #ff9900;">Great News! Florida’s Workers’ Compensation Insurance Rates Decreasing in 2022</span></strong></big>
Florida’s Office of Insurance Regulation approved an overall average statewide decrease of 4.9 percent for workers’ compensation premiums beginning January 1, 2022.