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Workers' Compensation Insurance

Class Code 3119

Needle Manufacturing

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Martin Summers

Insurance Agent

Class code 3119 is used for employees that work in a needle manufacturing business. Those covered under this classification would generally be responsible for taking steel wire, received from others, and forming it into the required needle shape using a power press. Other machines may also be used to reduce the diameter at the points, as well as mill, groove, taper, and make eyes for the needles. Once the product is formed, employees may also be required to heat-treat the material to make it hard, straighten it as needed with hammers or by hand, and remove any burrs by polishing in tumblers.

Others covered under class code 3119 may include manufacturers of pen points or pen nibs. These may be of the old style as well as more modern designs, typically sold to manufacturers of fountain pens.

Florida Rates for Class Code 3119

2014 Rate: $1.23
2013 Rate: $1.58

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 3119, this rate change resulted in a 28.5% decrease from 2013 to 2014. The 2014 rate for this classification is 1.23 dollars for every 100 dollars of remuneration. With the decrease in rates this year, the 2014 rate is 54.5% below the 2003 rate of 3.47 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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