In a previous article, I mentioned a potential change in the 2009 Florida workers compensation rates. Well, the rate increase proposed by NCCI was declined and a smaller increase was approved by Florida’s Insurance Commissioner. He is an excerpt describing the process that took place:

An order dated January 26, 2009 was entered by Insurance Commissioner Kevin McCarty disapproving an NCCI requested one-year 8.9% increase in the overall workers’ compensation rate levels effective March 1, 2009 on new, renewal, and outstanding policies. The order indicated that although the rate filing was disapproved, a rate filing requesting a 6.4% increase for new and renewal policies effective April 1, 2009 would be approved. The order indicated that there would be no changes in rates for outstanding policies. On February 2, 2009, NCCI submitted an amended rate filing in accordance with the January 26, 2009 order. On February 9, 2009, an order was entered by the Insurance Commissioner approving this amended rate filing.

I will write another article in a couple of days to let our clients know the new workers comp rates for landscapers that will go into effect for all new or renewal policies beginning April 1st, 2009, or later. Here is the article listing the new rates.

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: