Florida workers’ comp premiums to drop again — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily

Florida workers’ comp premiums to drop again

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in Human Resources

The workers’ compensation premiums Florida employers pay are set to drop for the sixth time in the past five years, and by a record amount. Insurance Commissioner Kevin McCarty approved an 18.6% rate cut.

Whether that trend will continue is doubtful, however, as the Florida Supreme Court recently overturned the cap on lawyers’ fees instituted during the compensation reforms of 2003, a measure credited with much of the savings reflected in past rate cuts.

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