We’ have been through a challenging past two years. But let us start on a good note for Florida’s employers. Ready…Starting on January 1 Florida’s workers’ compensation rates are decreasing.
As reported by WESH on ‘New Year’s Eve Day’ (a made-up holiday…):
Employers will be paying less for workers’ compensation insurance in the new year. Florida Insurance Commissioner David Altmaier signed off on a 4.9% decrease for new and renewed policies effective Jan. 1.
“This 4.9% reduction in workers’ compensation rates lowers insurance costs for employers in 2022. Safer workplaces, innovative techniques, and improved risk management practices have resulted in the continued decline in workers compensation claims, ultimately benefiting Florida businesses,” said Insurance Commissioner David Altmaier.
So…Florida employers, take out your sharp pencils and adjust your 2022 operating budgets accordingly. (Surely you can find something useful to do with an additional 4.9%…)
And, Happy New Year! (Again.)
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For more information, call Philip N. Kabler, Esq. of the Gainesville, FL office of Bogin, Munns & Munns, P.A. at (352) 332-7688, where he practices in the areas of business, real estate, banking, and equine law. He has taught business and real estate law courses at the University of Florida Warrington College of Business Administration and Levin College of Law. He is a member of the Greater Gainesville Chamber Board of Directors, and is the Immediate Past President of the Eighth Judicial Circuit Bar Association.
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NOTICE: The article above is not intended to serve as legal, financial, or investment advice, and readers should not rely on it as such. It is offered only as general information. Readers should consult with an attorney regarding their legal matters, as every situation is unique.