Pay only for the payroll you run — not an estimate. Real 2026 FWCJUA rates, no large upfront deposit, and certificates issued the same day.
Traditional workers' comp requires a large deposit based on estimated payroll. PAYG flips that model — premiums are calculated from your actual payroll each pay period.
Get approved and receive your certificate of insurance — often the same day. No large deposit required.
Each pay period, your actual payroll is reported. Your premium is calculated automatically based on real hours and wages.
No year-end audit. No surprise charges. You pay exactly what your payroll dictates — nothing more.
| Feature | Pay-As-You-Go | Traditional Policy |
|---|---|---|
| Upfront Deposit | None or minimal ($0–$500) | 25–35% of annual premium |
| Premium Basis | Actual payroll each period | Estimated annual payroll |
| Year-End Audit | Not required | Required — can result in additional charges |
| Cash Flow Impact | Low — pay as you earn | High — large deposit tied up |
| Best For | Seasonal, variable, or growing businesses | Stable payroll, established businesses |
| Certificate of Insurance | Same day | Same day |
| High-Risk Trades Eligible | Yes (including FWCJUA) | Yes |
Official rates per $100 of payroll from state rating bureaus. Select your state to see applicable rates.
Florida (FWCJUA 2026)
| Class Code | Trade / Occupation | Rate per $100 Payroll | Est. Cost / $100K Payroll |
|---|---|---|---|
| 5551 | Roofing | $6.752 | $6,752 |
| 5645 | Carpentry | $7.689 | $7,689 |
| 5022 | Masonry / Concrete | $5.220 | $5,220 |
| 5403 | General Contractors | $4.364 | $4,364 |
| 5190 | Electrical | $2.969 | $2,969 |
| 5183 | Plumbing | $2.737 | $2,737 |
| 5537 | HVAC | $2.995 | $2,995 |
| 5474 | Painting | $4.481 | $4,481 |
| 0042 | Landscaping | $4.144 | $4,144 |
| 7380 | Trucking | $4.492 | $4,492 |
| 9082 | Restaurants | $1.160 | $1,160 |
| 8810 | Clerical / Office | $0.105 | $105 |
FL: FWCJUA 2026 (eff. 1/1/2026) · TX: TDI 2026 (eff. 7/1/2026) · MI: CAOM 2026 (eff. 1/1/2026) · NC: NCRB 2026 (eff. 4/1/2026). Rates are per $100 of payroll before experience modification.
The Florida Workers' Compensation Joint Underwriting Association (FWCJUA) is the state's insurer of last resort. If your business has been declined by standard carriers — due to your trade, claims history, or size — FWCJUA provides guaranteed coverage at the same 2026 rates.
Bright Coast Insurance places businesses with FWCJUA regularly. We can bind coverage and issue your certificate of insurance the same day you apply.
Learn About FWCJUA Placement →No deposit. No audit. Same-day certificate. Serving Florida, Texas, Michigan, and North Carolina.
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