Class code 8033 is used for employees that work within a retail store, not otherwise classified, selling a combination of meat, groceries, and provisions. These stores must show that less than 65% of all merchandise costs during the policy period was from fresh and cured meats, fish, or poultry purchases. Generally speaking, class code 8033 applies to “supermarket” type stores and merchandise sold may include dry good groceries, fresh fruits and vegetables, dairy products, frozen foods, bakery products, fresh meats, soda and beer, soaps and other household cleaning products, paper goods, drugstore items, small hardware and kitchen utensils, and cigarettes or other tobacco products.
While this is a NOC classification and will include a variety of stores, exclusions that are similar in nature include retail meat, fish, or poultry stores (having more than 65% of their merchandise cost in meat related goods), retail grocery stores (that do not sell fresh or cured meats, fish, or poultry products at all), and wholesale grocery operations that do not sell to the general public.
Florida Rates for Class Code 8033
Each workers' compensation class code in Florida has a unique rate assigned to it based on the likelihood of workplace injuries for the group of employees throughout the state that are assigned to that class code. Click this link for more information about the ratemaking process. The rates used in Florida workers comp insurance were increased in 2014 by an average of 6.1% by the Florida Office of Insurance Regulation.
For class code 8033, this rate change resulted in a 1.1% increase from 2013 to 2014. The 2014 rate for this classification is 2.75 dollars for every 100 dollars of remuneration. Even with the increase in rates this year, the 2014 rate is still 51.4% below the 2003 rate of 5.60 dollars.
Despite the manual rates being set by the Florida government for workers comp class codes, there are still ways that employers can lower their overall workers compensation costs and total premium. Our insurance agents would like the opportunity to discuss these premium discounts and other cost savings measures with your business. Contact us today to receive competitive quotes for your business.