Class code 8227 is used for employees that work at a permanent yard location that is maintained for the storage and maintenance of materials by a construction or erection company. Examples of work that may be performed by those in this classification includes, but is not limited to, maintaining, repairing, and storing materials and equipment, incidental pickup or delivery of parts, mixing concrete prior to transport, and the repair or maintenance of metal or wood concrete forms (including reconditioning and leasing specialists). If an employee is considered key personnel (such as a foreman, engineer, or superintendent) they may be assigned to this class code only by a “change of employment” that meets the conditions in the Basic Manual.
Exclusions to class code 8227 would be those who perform similar duties at a construction site, temporary yard, or to equipment, vehicles, or materials that they own themselves, anyone working for an operation considered to be a mill, fabrication company, or shop operation, and those who should be classified to a separate code because of their key personnel status. When classifying workers to this class code, it is also important to follow the extra-territorial classification guidelines for each worker to ensure that they are properly classified.
Florida Rates for Class Code 8227
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 8227, this rate change resulted in a 7.6% increase from 2013 to 2014. The 2014 rate for this classification is 8.47 dollars for every 100 dollars of remuneration. Even with the increase in rates this year, the 2014 rate is still 30.5% below the 2003 rate of 11.32 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.