Workers' Compensation Insurance

Class Code 3383

Jewelry Manufacturing

Author Information

Martin Summers

Insurance Agent

Class code 3383 is used for employees that perform work within a facility that manufactures jewelry, such as rings, bracelets, and earrings. The materials used (such as metals, stones, plating solutions, enamels, and lacquers) will be received from others and then used to produce various types and styles of jewelry. Because of the nature of the manufacturing process, operations that involve melting, pouring, and rolling of metal may be done, as well as blanking, forming, drilling, assembling, buffing, and polishing procedures.

Other areas of manufacturing that may be included within this classification will be gold leaf, silverware, watchcase, and metal musical instrument manufacturing, not otherwise classified. Examples of instruments included within the scope of this class code are French horns, trombones, cornets, and bass horns. Wooden musical instruments and non-musical instruments used for professional or scientific purposes, however, would be excluded. While the operations to make each of these will vary, they will require similar machinery and raw materials. Since this is a NOC class code, there may be other products that could be included as well.

Florida Rates for Class Code 3383

2014 Rate: $2.19
2013 Rate: $2.16

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 3383, this rate change resulted in a 1.4% increase from 2013 to 2014. The 2014 rate for this classification is 2.19 dollars for every 100 dollars of remuneration. Even with the increase in rates this year, the 2014 rate is still 33.7% below the 2003 rate of 3.26 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

  • 3685 for professional or scientific instrument manufacturing, NOC
  • 2923 for wooden musical instrument manufacturing, NOC

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