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Workers' Compensation Insurance

Class Code 3223

Lamp Or Lantern Manufacturing NOC

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Martin Summers

Insurance Agent

Class code 3223 is used for employees that work in a lamp or portable lantern manufacturing facility. Products that shall be made under this class code include gasoline lanterns, lanterns of the Coleman type, and other similar lanterns. The jobs of these employees will primarily involve metal working and assembling duties, as well as some inspections and packaging work.

Florida Rates for Class Code 3223

2014 Rate: $4.69
2013 Rate: $5.22

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 3223, this rate change resulted in a 11.3% decrease from 2013 to 2014. The 2014 rate for this classification is 4.69 dollars for every 100 dollars of remuneration. With the decrease in rates this year, the 2014 rate is 40.8% below the 2003 rate of 8.82 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

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