Business Services Industry
Florida contractors to benefit from workers' compensation premium cuts.
Knight Ridder/Tribune Business News, November, 2004
By Morris Fraser, Northwest Florida Daily News, Fort Walton Beach Knight Ridder/Tribune Business News
Nov. 5--An additional 5.1 percent decrease in the rate for workers' compensation premiums will help contractors lower direct costs and cover more workers, according to the vice president of the Building Industry Association of Okaloosa and Walton Counties.
The National Council on Compensation Insurance (NCCI), which helps set rates on behalf of insurance companies that carry workers' compensation policies, accepted a state order Wednesday to lower premiums by 5.1 percent. That's in addition to the 14 percent decrease the state demanded a year ago.
Construction trades have been especially hard hit by high insurance rates for workers...
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