Yes. Florida law requires most employers to carry workers' compensation insurance. Construction industry employers must cover all employees (including owners), while non-construction employers with 4 or more employees are required to carry coverage. Penalties for non-compliance include stop-work orders and fines equal to twice the evaded premium.

Florida workers' comp costs depend on your class code, annual payroll, and experience modification factor (EMR). Rates range from under $1 per $100 of payroll for low-risk office work to over $20 for high-risk trades like roofing. Contact Bright Coast Insurance for a free quote tailored to your business.

A workers' comp class code is a four-digit NCCI code that classifies employees by their job duties to determine the correct insurance rate. Florida uses NCCI class codes, and each code has a specific rate per $100 of payroll. Use our free Florida class code lookup to find your code and 2026 rate.

The experience modification factor (EMR or X-Mod) is a multiplier applied to your workers' comp premium based on your claims history compared to similar businesses. An EMR below 1.0 means fewer-than-average claims and results in a lower premium. Maintaining a safe workplace is the best way to keep your EMR low.

Yes. Pay-as-you-go workers' comp calculates your premium based on actual payroll each pay period rather than an estimated annual payroll. This reduces the risk of large audit adjustments at year end and improves cash flow. Ask Bright Coast Insurance about pay-as-you-go options.

Florida employers without required workers' comp face stop-work orders, fines equal to twice the evaded premium (minimum $1,000), and personal liability for employee injury costs. The Florida Division of Workers' Compensation actively enforces compliance through random audits.