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question about workmans compensation costs in florida

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  • question about workmans compensation costs in florida

    I would like to know, if someone could help me, how much does a workmans compensation insurance will cost me as an employer of 14 people in a distribution company located in Florida?

  • #2
    Cost of Workers Compensation

    It would be nearly impossible for anyone here to say. You should contact an insurance broker (or several) in order to get quotes. However, as an fyi, Florida has some of the highest cost workers compensation rates in the country. That is why several busineses have pulled out of the state. For example, I shopped for insurance of a payroll of a million dollars per year. The lowest quote I received is a million and half dollars! That is absolutely ridiculous.
    Lillian Connell

    Forum Moderator


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