New Proposal Could Cut Workers’ Compensation Rates In Florida Significantly.

Workplace injuries have been occurring for as long as workplaces have existed, and the law has been constantly changing to account for the potential remedies workers may be entitled to in the event of such injuries. The law varies from state to state, but it is crucial for workers to understand their options in the event of an injury so that they can be fairly compensated. In such a situation, it would be wise to contact an expert worker’s compensation attorney at 617-787-3700.

Workers in Florida might want to keep an eye on the news, as a recent proposal by the National Council on Compensation Insurance calls for a 13.4% rate decrease for workers’ compensation claims starting in January. The Florida Office of Insurance Regulation will review the details of the proposal and decide whether to approve the cut or request changes. But if approved, the reduction would follow a 9.5 percent decrease that already took effect this year.

Some hail this move as a win for small business in Florida. With lower expenses in workers’ compensation coverage, small business will have more room for growth. Levels of optimism are high surrounding small businesses at the moment, which could lead to greater investment, according to executive director of the National Federation of Independent Business in Florida, Bill Herrle. A public hearing on the proposed cuts will be held in October.

If you or a loved one has been injured in the course of your employment, you may be entitled to monetary relief. Act now and contact an expert workers’ compensation attorney here at the Law Offices of Gilbert R. Hoy, Jr. and Affiliates to discuss your potential claim. Call our Boston injury attorneys today at 617-787-3700 or email us at for your free and private consultation. Your needs are our top priority!



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