Class Code 3270

Eyelet Manufacturing

Class code 3270 is used for employees that work in an eyelet manufacturing facility. While eyelets are the primary product covered in this classification, other similar things may be produced as well. Examples include grommets, snap fasteners, hooks and eyes, staples, straight pins, safety pins, tacks, and nails. Work will likely be done using automatic clips and wire forming machines, but may also include press work for some employees. The raw materials used in this industry will usually be light gauge sheet strip or reels of drawn wire that will be received in from others and then fed into machinery, through an automatic process. Once the materials have been through this step, they will then move on to new machinery for any piercing, trimming, plating, annealing, and deburring that needs to be done.

In addition to the above mentioned products and processes, this class code also may include those that manufacture safety razors by metal stamping, plating, and finishing and the accompanying safety razor blades. In this case, rolls of ribbon steel, received from others, will be run through a self-fed punch press to be blanked out, snapped to length in a breaking machine, then heat-treated, blued, ground, cleaned, stripped, and packed. Nearly all work of this sort will be done by automatic machines.

Florida Rates for Class Code 3270

2020 Rate: $2.77

2019 Rate: $2.67

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 are adjusted annually by the Florida Office of Insurance Regulation.

The 2020 rate for class code 3270 is 2.77 dollars for every 100 dollars of remuneration.

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

*This description of class code 3270 is a summary of the official description from NCCI that should be used for determining the correct application of a classification code for a Florida business and the groups of employees in that business. This short summary is provided as a courtesy for assisting FloridaWC's clients and potential clients in educating them about the most commonly used class codes in Florida that could be applied to their business operations. For more information about a class code, please use the contact form links below to request the official class codes descriptions from one of our insurance agents.