NCCI has filed a new set of rates to be effective January 1st 2010. These new rates have now been approved by the Florida Department of Financial Services, and show an overall rate decrease of 6.8%
The even better news for Florida Marine Contractors is that even after the 37% drop in 1.1.2007 and 19% on 1.1.2008, the proposed rates drop a further 7.7%! The proposed rate for 6006F for 2010 is just $12.58.
A MAMMOTH DROP OF 56% IN JUST 2 YEARS!
Since 2003, this group of employers has seen the largest drop of any class of businesses in Florida from rates back in 2003 of $61.65 to the proposed rate for 2010 of $12.58, a cut of ALMOST 80%.