Workers' Compensation Insurance

Class Code 2534

Artificial Feather Or Flower Manufacturing

Author Information

Martin Summers

Insurance Agent

Class code 2534 is used for employees who manufacturer artificial flowers or feathers. This may include the use of such materials as silk, synthetic yarn, crepe paper, or other similar fabrics and papers received from outside sources. In addition, cutting tools, covered paper stakes, wire, and glue may also be used during assembly. Hand assembly will be very common, but machinery may be used as well.

Other employees that will also be classified under 2534 are those that produce aluminum Christmas trees, using strip aluminum, or those who manufacture products made from human hair that involve spinning and weaving operations.

Florida Rates for Class Code 2534

2014 Rate: $2.37
2013 Rate: $2.76

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 2534, this rate change resulted in a 16.5% decrease from 2013 to 2014. The 2014 rate for this classification is 2.37 dollars for every 100 dollars of remuneration. With the decrease in rates this year, the 2014 rate is 75% below the 2003 rate of 11.06 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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