Florida CFO Jeff Atwater addresses the need for Florida small businesses to have fair and stable conditions at the Florida Chamber’s annual Insurance Summit.
Florida CFO Jeff Atwater addresses the need for Florida small businesses to have fair and stable conditions at the Florida Chamber’s annual Insurance Summit.

Workers’ Compensation

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Attracting and retaining top businesses means ensuring workers’ compensation premiums are fair and not inflated by unnecessary costs. An improved business climate overall will allow Floridians to get back to work and reduce the cost of living for families and small businesses. Lowering the cost of business in our state is what will continue to attract and retain the top industries and professionals.

 

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Ensuring stable and competitive workers’ compensation premiums while also lowering the burden of unemployment compensation taxes creates globally competitive employers. The Florida Chamber has worked diligently to keep workers’ compensation rates steady with help from strong business advocates and community partnerships. In order to protect employers and employees alike, we must mitigate court decisions that put the workers’ compensation system at risk. We must continue to reject attempts to increase workers’ compensation rates including efforts that would restrict a workers’ compensation company from utilizing cost containment tools available under current law.

 

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While workers’ compensation rates are currently stable, a number of cases before the Florida Supreme Court could mean significant rate increases. Florida also has the opportunity to continue chipping away at rates, including moving to a fee schedule for hospital inpatient and outpatient services as recommended by the Department of Financial Service’s Three Member Panel.

 

Related Resources
Workers’ Compensation Archives

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