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Workers' Compensation Insurance

Class Code 2003

Bakeries

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Martin Summers

Insurance Agent

Class code 2003 is used for employees that produce bakery items including baked goods, cookies and crackers, and cooked or uncooked frozen items. Baked goods examples include bread, cake, doughnuts, and pizza dough. Cookies and crackers include, but are not limited to toaster pastries, ice cream cones, and soft pretzels. Examples of frozen items include pies, sweet yeast goods, and cookie or pizza dough.

This class includes both commercial and neighborhood bakeries as well as salespersons and drivers in their employ. Code 2003 covers making pizza crusts prepared using a baking process. This code covers commercial bakeries’ heavy mechanical equipment for mixing, slicing and wrapping. It also covers work done by hand at smaller bakeries.

An insured must meet the requirements within the Basic Manuel in order to create a division of payroll for employees exposed to both baking and store or baking and restaurant operations. To do so, an insured must qualify for Codes 2003 and 8017 or Code 2003 and a restaurant class. If a bakery operates a store selling baked goods for on-premises consumption or for both on and off premises consumption, this store should be classified with the appropriate restaurant code.

Retail bakery and doughnut stores that do not bake on the premises but sell baked goods exclusively for consumption off premises should use Code 8017. If a store prepares food or has on-premises consumption, it should be rated with the appropriate restaurant code. In addition, if a store engages in additional food preparation to enhance their product, but does no baking on the premises, the store should be separately rated to the appropriate restaurant code. Enhancement examples include eggs, lunchmeats, bacon, and lettuce. Providing beverages or prepackaged self-serve condiments to customers are not considered enhancements.

Florida Rates for Class Code 2003

2014 Rate: $5.51
2013 Rate: $5.96

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 2003, this rate change resulted in a 8.2% decrease from 2013 to 2014. The 2014 rate for this classification is 5.51 dollars for every 100 dollars of remuneration. With the decrease in rates this year, the 2014 rate is 33.3% below the 2003 rate of 8.94 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.

Other Related Class Codes

  • 8017 for retail bakery and donut stores (no baking on premises)
  • 6503 for potato chip, popcorn, and snack chip manufacturing
  • 2002 for pasta and noodle manufacturing

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