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Workers' Compensation Insurance

Class Code 0113

Farm: Fish Hatchery

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Martin Summers

Insurance Agent

Class code 0113 is used for employees that work for a farming operation whose business is specifically related to fish hatcheries. This includes facilities located on acreage that are devoted to raising both small and large fish. Employees of this classification may perform work of varied scope, usually done outside around or in ponds or pools. In addition, class code 0113 also includes workers who construct dams and ditches that are required for additional pools, as well as those who maintain the existing structures and pools.

Florida Rates for Class Code 0113

2014 Rate: $5.70
2013 Rate: $7.43

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 0113, this rate change resulted in a 30.4% decrease from 2013 to 2014. The 2014 rate for this classification is 5.70 dollars for every 100 dollars of remuneration. With the decrease in rates this year, the 2014 rate is 44.7% below the 2003 rate of 13.43 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.

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