Standard Discounts in Florida Workers Comp

The standard premium discount that Florida insurance carriers apply to their workers' compensation policies start. for insured companies that pay more than 5,000 dollars a year for workers comp insurance. The discount percentage will change as the company's payroll changes. This is a standard discount in Florida and is used regardless of the insurance carrier on guaranteed cost policies (not retrospective rating policies).The standard discount is tiered. There is not a discount on the first 5,000 dollars of premium and the discount is applied to only the premium above that amount. Below is a chart with the current discount percentages applied to each level of premium.

The standard premium discount that Florida insurance carriers apply to their workers' compensation policies start. for insured companies that pay more than 5,000 dollars a year for workers comp insurance. The discount percentage will change as the company's payroll changes. This is a standard discount in Florida and is used regardless of the insurance carrier on guaranteed cost policies (not retrospective rating policies).The standard discount is tiered. There is not a discount on the first 5,000 dollars of premium and the discount is applied to only the premium above that amount. Below is a chart with the current discount percentages applied to each level of premium.