As 2025 winds down, Florida contractors are looking ahead to a new year filled with opportunity, but also new responsibilities. With workers compensation premiums tied directly to safety performance, claims activity, and regulatory shifts, preparing now can make all the difference in controlling costs and keeping crews safe in 2026.
At BrightFund, we’ve supported Florida’s licensed trade contractors since 1955, and we know the end of the year is more than just closing out projects. It’s the ideal time for contractors to take a step back, review claims history, update safety practices, and set goals that protect both your team and your bottom line.
Why Premiums Change: What Contractors Should Expect in 2026
Workers compensation premiums aren’t static. Each year, contractors see adjustments based on a mix of factors including:
• Claims experience – Past injuries and the cost of claims directly influence your Experience Modification Rate (EMR), which insurers use to calculate premiums.
• Industry trends – The construction sector consistently reports higher-than-average workplace injury rates. OSHA notes that construction accounts for about 20% of all private industry fatalities nationwide, underscoring why insurers scrutinize this field.
• State regulations – Florida periodically updates workers comp rates and requirements, which can impact both large and small contractors.
• Payroll changes – Shifts in your workforce size or job classifications also play a role in premium calculations.
Contractors who stay proactive by addressing risks, reducing claims, and managing documentation are often in the best position to stabilize or even lower premium costs.
Step 1: Conduct a Year-End Safety Audit
A year end safety audit construction teams can trust is one of the smartest moves you can make. This audit should cover:
• Jobsite conditions – Inspect ladders, scaffolding, fall protection equipment, and power tools.
• Training records – Ensure every crew member has up-to-date OSHA training and certifications.
• Incident reports – Review accidents, near-misses, and claims from 2025 to identify patterns.
• Subcontractor coverage – Verify that subcontractors carry valid workers comp coverage or exemptions to avoid compliance issues.
BrightFund members have access to tailored safety programs that make this process easier, from checklists to hands-on training resources.
Step 2: Review Claims & Set Clear Goals
Every claim is an opportunity to learn. By reviewing your 2025 claims data, you can spot recurring issues such as:
• Back strains from improper lifting
• Slips, trips, and falls on unfinished surfaces
• Heat stress and dehydration during Florida’s long summers
Once patterns are identified, create measurable 2026 goals. For example:
• Reduce lost-time injuries by 15% through ergonomic training
• Implement mandatory daily stretch-and-flex programs
• Introduce hydration breaks every two hours on hot-weather jobs
BrightFund’s proactive claims support helps contractors not only process claims but also use the information to improve future outcomes.
Step 3: Update Safety Programs for 2026
A static safety program quickly becomes outdated. Refresh your policies with:
• New equipment and technology – Consider wearable safety devices, updated PPE, or digital reporting tools.
• Emergency response planning – With Florida’s hurricane season in mind, make storm prep a standard part of your annual safety planning.
• Crew involvement – Engage employees in toolbox talks, peer-led inspections, and feedback loops. Workers who feel part of the process are more likely to follow protocols.
BrightFund members benefit from industry-specific programs designed for roofers, HVAC technicians, electricians, plumbers, and other trades. These aren’t generic checklists—they’re tailored to the unique risks contractors face every day.
Step 4: Connect with Your Workers Comp Representative
Your workers comp representative is one of your best resources for preparing ahead of premium changes. They can help you understand where your business stands today and how to strengthen it for the year ahead. Before the new year, take time to connect with your representative to:
• Review your current policy and confirm you have the right coverage in place for your operations.
• Discuss your EMR (Experience Modification Rate) and learn what factors are driving it.
• Identify strategies to reduce risk and explore opportunities for potential dividends.
• Check compliance by ensuring certificates of insurance are current and subcontractors are properly covered.
These conversations give contractors clarity and control. With guidance from your workers comp representative, you’ll head into 2026 with a stronger plan to manage costs, protect your crew, and position your business for success.
Why Preparing Now Matters
Contractors who wait until renewal time often face surprises like higher premiums, compliance challenges, or unnecessary claims costs. Those who prepare early position themselves to:
• Control costs through fewer injuries and claims
• Build trust with clients by demonstrating safety leadership
• Protect their crews while boosting productivity
• Potentially qualify for return dividends through BrightFund’s member-owned structure
BrightFund: Your Partner in 2026 and Beyond
Since 1955, BrightFund has stood with Florida contractors as more than just a workers compensation policy. As a member-owned fund, our focus is helping licensed tradespeople reduce risk, improve safety outcomes, and return dividends back to the members we serve.
Preparing for 2026 premium changes doesn’t have to be overwhelming. With the right planning, clear safety goals, and the support of BrightFund’s proactive programs, you can keep your crews safe and your business strong.