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Workers' Compensation Insurance

Class Code 2305

Textile Fiber Manufacturing

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Martin Summers

Insurance Agent

Class code 2305 is used for employees that work in the textile manufacturing industry, specifically dealing with the production of synthetic fabrics. This is generally done through an extrusion process, involving the melting of plastic or other similar pellets. Examples of products made can include nylon, rayon, acetate, polyester, and other similar synthetic fibers. Pyroxylin manufacturing is excluded from this classification.

Those working to manufacture the rayon staple fiber, using either the viscose, acetate, cuprammonium or nitrocellulose processes, are included within the scope of class code 2305 as well. Rayon plants will also be expected to engage in primary spinning to make twisted, dried yarn. This is done using bobbin spinning machines, secondary spinning machines that add the twisting operation, and a final machine to wrap the rayon yarn onto cones in preparation for shipment and distribution.

Florida Rates for Class Code 2305

2014 Rate: $2.14
2013 Rate: $2.04

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 2305, this rate change resulted in a 4.9% increase from 2013 to 2014. The 2014 rate for this classification is 2.14 dollars for every 100 dollars of remuneration. Even with the increase in rates this year, the 2014 rate is still 24.2% below the 2003 rate of 2.69 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

  • 4459 for pyroxylin manufacturing

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