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Workers' Compensation Insurance

Class Code 3146

Hardware Manufacturing NOC

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Martin Summers

Insurance Agent

Class code 3146 is used for employees that are employed in a hardware manufacturing facility, not otherwise classified. Examples of products that are included within this classification are doorknobs, handles, key plates, metal handbag frames, saddlery hardware (such as bits, buckles, and snaps), casket hardware, refrigerator handles and hinges, trunk hardware, and combination and time locks for safes. In addition, automotive specialty parts, such as choke and throttle rods, accelerator assemblies, metal moldings and trim, tire and automobile locks and hood latches are included as well. These listed above, and other products that are hardware related and not otherwise classified, are usually made by machine processing metal bars, rods, or castings, followed by stamping and assembling. It is understood that there may be extensive plating, polishing, buffing, and hand assembly required during the operation.

Examples of similar operations that should be classified under a different code and that are excluded from class code 3146 include blacksmithing, forging work, and wire drawing. The manufacturing of brass/copper goods, eyelets, fasteners, screws, tools, needles, nuts/bolts, plumber’s goods, saws wire cloths, wire ropes/cables, and wire goods not otherwise classified would also be excluded.

Florida Rates for Class Code 3146

2014 Rate: $3.29
2013 Rate: $3.76

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 3146, this rate change resulted in a 14.3% decrease from 2013 to 2014. The 2014 rate for this classification is 3.29 dollars for every 100 dollars of remuneration. With the decrease in rates this year, the 2014 rate is 50.1% below the 2003 rate of 7.54 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

  • 3111 for blacksmithing
  • 3315 for brass or copper goods manufacturing
  • 3110 for forging work
  • 3188 for plumber’s goods manufacturing
  • 3113 for tool manufacturing
  • 3240 for wire rope or cable manufacturing
  • 3257 for wire goods manufacturing, NOC

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