In the state of Florida there are three premium credits available to employers to reduce the cost of workers’ compensation insurance. To receive these credits the employer must establish these programs within their business and apply for them through their insurance carrier. These credits have to be reapplied for each year through the carrier to be awarded the credits.

The first credit is a “Safety Program Premium Credit” which saves 2% of the total premium. This credit is available for employers who have certified that they have established a workplace safety program that satisfies the requirements of Section 440.1025 of the Florida Statues. It also should be noted that this program could save you from incidents resulting in claims that could increase your premium in the future years and has the potential to minimize your premium for having minimal claims.

Another 5% credit could be established for developing a “Drug Free Workplace”. This credit is applied to the insured’s policy pro rata as of the date of receipt of certification by the carrier.

The third credit available is for companies that perform landscaping duties under the class code 0042. This credit is called the “Florida Contracting Premium Adjustment Program” or FCCPAP. Payroll must be composed of wages greater than $10.00 per hour to qualify for this credit that can range anywhere between 5% and 25%.

Please click here to download these premium credit forms.

The Agent Articles section of BearWiseLandscapers.com allows our insurance agents to provide practical information for landscapers. These agents can also obtain quotes and establish a custom insurance program for your landscaping business through our access to a variety of insurance carriers. This agent article is filed under 4 Workers' Compensation, and you can follow comments to it through the RSS 2.0 feed. Feel free to leave your own response below: