Question: What classification codes and workers’ compensation rates apply to employees at my jewelry business?
There are two classification codes that could apply to your jewelry business depending on the nature of your business. You can read more about these Florida workers’ compensation codes below:
8013 - This classification code applies to jewelry stores, whether wholesale or retail or a combination of both. These stores are principally engaged in selling precious or costume jewelry, such as necklaces, earrings, bracelets, rings, watches, charms, lockets, pendants, brooches, and similar ornamental items intended for personal adornment, whether made of metals or other materials. In addition to jewelry, this classification includes the minor and incidental handling of miscellaneous non-jewelry merchandise, such as silverware, tableware, clocks, chinaware, glassware, trophies, small electrical appliances, giftware and leather goods. Risks engaged in cutting or polishing precious stones, such as diamonds, emeralds, rubies, and sapphires, are included within the scope of this classification along with the repair or engraving of jewelry and precious stone setting when performed by a retail jewelry store for individual customers. The Florida rate for this classification in 2007 was 0.85 and in 2008 it is now 0.79 dollars for every 100 dollars of remuneration.
3383 - This classification code is assigned to insureds engaged in the manufacture of jewelry such as rings, bracelets, earrings and other jewelry of precious metals with or without precious stones and mountings for precious stones. Precious and non-precious metals, precious and semiprecious stones, plating solutions, enamel and lacquer are received from others. The operations may include melting, pouring and rolling of the metal, or such operations may start with sheet stock. Further operations involve blanking, forming, drilling, assembling, buffing and polishing. Some articles are plated, enameled or lacquered. Stones may be set in the finished mountings. It also includes businesses engaged in the manufaturing of watch cases, gold leaf in booklets, silverware such as silver or silver-plated flat and hollowware, picture frames, ornaments and novelties, and metal musical instruments such as cornets, trombones, French horns, bass horns, and others. The Florida rate for this classification in 2007 was 1.91 and in 2008 it is now 1.51 dollars for every 100 dollars of remuneration.
If you would like more information about either of these classifications or information on how your own employees should be classified, please do not hesitate to contact our office or request a workers’ compensation quote online.
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