Workers' Compensation Insurance

Class Code 2688

Leather Goods Manufacturing NOC

Author Information

Martin Summers

Insurance Agent

Class code 2688 is used for employees that work in the manufacturing industry specific to small goods made with leather or imitation leather. Products that are included within the scope of this classification are wallets, key cases, pocketbooks, and toiletry cases. Footballs, soccer balls, volleyballs, and basketballs are also included. As part of the normal job duties, employees assigned to class code 2688 may be involved in skiving and/or splitting leather as well as folding, gluing/cementing, punching, eye-letting, sewing, and riveting. Heat sealing may also be required if the material is vinyl instead of leather.

Manufacturing of bladders is excluded, however, as the materials and manufacturing process is quite different. Other exclusions include boot, shoe, glove, or luggage manufacturing, leather tanning and embossing, and leather dealers.

Florida Rates for Class Code 2688

2014 Rate: $3.95
2013 Rate: $4.28

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 2688, this rate change resulted in a 8.4% decrease from 2013 to 2014. The 2014 rate for this classification is 3.95 dollars for every 100 dollars of remuneration. With the decrease in rates this year, the 2014 rate is 42.4% below the 2003 rate of 7.43 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.

Other Related Class Codes

  • 4410 for bladder manufacturing
  • 2660 for boot or shoe manufacturing
  • 2670 for leather or textile glove manufacturing
  • 2683 for luggage manufacturing
  • 2623 for leather tanning or embossing
  • 8105 for leather dealers

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