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Workers' Compensation Insurance

Class Code 3385

Watch Manufacturing

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Martin Summers

Insurance Agent

Class code 3385 is used for employees that work within a facility that manufactures watches and clocks. Products may be traditional, containing gears and springs, or electronic, getting their power from batteries or wall outlet plugs. Self winding and manual winding devices are both included under the scope of this classification as well. The manufacturing of these products will begin with metals received from others, and may include gold, silver, steel, and certain alloys. Operations performed to the metal (whether in sheet, bar, tubular, or wire form) may include casting, punching, blanking, turning, grinding, heat-treating, and plating, depending on the process. Once ready for assembly, the metals will be combined with other pre-made materials like fasteners, gems, electric cords, watchbands, and watch cases to form the final product. Paints, lacquers, and thinners may also be required as well. Businesses that sell watches and clocks would not be included, and should be classified separately.

Class code 3385 is not limited to only watches and clocks, though, and can include other trades that use small tools to do precision bench work. Examples of included duties are generally related to the repair of things such as cameras, projectors, and precision photographic equipment.

Florida Rates for Class Code 3385

2014 Rate: $0.91
2013 Rate: $1.02

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 3385, this rate change resulted in a 12.1% decrease from 2013 to 2014. The 2014 rate for this classification is 0.91 dollars for every 100 dollars of remuneration. With the decrease in rates this year, the 2014 rate is 67.9% below the 2003 rate of 3.18 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

  • 8013 for jewelry stores that sell watches and clocks
  • 3383 for watch case manufacturing

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