Class Code 0050 Rates & Quotes

Farm Machinery Operation – By Contractor

Class code 0050 is used for employees that work for a company that provides contract farm machinery operations, including drivers. Businesses within this classification will generally rent and operate agricultural machinery or equipment at the customer’s location on a contract basis. Examples of job duties performed under class code 0050 are planting, fertilizing, cultivating, bailing, and harvesting. Equipment that is commonly used to perform these tasks include plows, fertilizer spreaders, combines, reapers, pickers, portable hay balers, and feed mills. Additionally, the application or injection of anhydrous ammonia to soil, the spraying of insecticides to control insects that damage crops, feed manufacturing using portable devices at the customer’s farm, brush or weed control using chemicals dispensed from a portable sprayer, and corn shelling operations are also included within this class code.

Exclusions to class code 0050 that are similar in nature and scope, but that should be separately classified include things such as insect control using poisonous gases in connection with tent fumigation, operations that are not performed within a farm setting, and those insured that do not work for a company in a contract capacity.

Florida Rates for Class Code 0050

2022 Rate Get Quote: Click Here

2021 Rate: Click Here

2020 Rate: $5.70

2019 Rate: $5.99

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 are adjusted annually by the Florida Office of Insurance Regulation.

The 2020 rate for class code 0050 is 5.70 dollars for every 100 dollars of remuneration.

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.

Other Related Class Codes

*This description of class code 0050 is a summary of the official description from NCCI that should be used for determining the correct application of a classification code for a Florida business and the groups of employees in that business. This short summary is provided as a courtesy for assisting FloridaWC's clients and potential clients in educating them about the most commonly used class codes in Florida that could be applied to their business operations. For more information about a class code, please use the contact form links below to request the official class codes descriptions from one of our insurance agents.