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Payroll Solution

FL Workers Comp-2016 Rates Increase Proposed

You may be wondering what NCCI stands for and what this increase in rates means for you and your business. NCCI (National Council on Compensation Insurance), has filed a proposed workers comp rate increase of 17.1% with the Office of Insurance Regulation (OIR). If the OIR approves this request, the rate increase on August 1, 2016. As for existing polices, the rate increase will apply on a pro-rata basis from August 1st through the remainder of the policy term. The…

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