Class Code 3507 Rates & Quotes

Construction or Agricultural Machinery Manufacturing

Class code 3507 is used for employees that work within a facility that manufactures construction or agricultural machinery. Products commonly found in this classification include, but are not limited to, mowing machines, hay loaders, potato planters, reapers, binders, sidewalk cleaners and sweepers, sewer pumping station equipment, packing case equipment, hydraulic bailing presses, pile driving equipment, pneumatic unloaders, pollution and dust control systems, water screen baskets, pulp and paper mills, overhead cranes and tractors, and other similar heavy machinery. Equipment used by employees working under this class code will vary by location, but may include such things as welding and machine shop apparatuses like shears, punch presses, turrets, and engine lathes, drill presses, milling machines, grinders, boring mills, and gear shapers.

Operations that are similar in nature but that should be classified separately are agricultural tool manufacturing companies, facilities considered machine shops, and operations that perform machinery or equipment erection.

Florida Rates for Class Code 3507

2022 Rate Get Quote: Click Here

2021 Rate: Click Here

2020 Rate: $3.20

2019 Rate: $3.64

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 3507 is 3.20 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 3507 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.