Florida roofers wary of lower workers' comp rates
- Orlando Business Journal
- Oct 21, 2024
- 1 min read
October 21, 2024
Pointing to issues such as heavy demand for repairs after hurricanes and an increase in young, inexperienced workers, a roofing-contractors industry group last week argued against lowering workers’ compensation insurance rates for roofers.
Leaders of the Florida Roofing and Sheet Metal Contractors Association urged state regulators to freeze the roofing industry’s rates, rather than approve a decrease that would take effect in 2025.
The arguments came during a hearing held by the Florida Office of Insurance Regulation to consider a proposal to reduce rates for employers by an overall average of 1 percent.
While it might seem counterintuitive for an industry group to oppose reducing rates, leaders of the roofing contractors association — which has a self-insurance fund — expressed concerns about stability and a potential increase in future claims.
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