Workers' Compensation Insurance

Class Code 3629

Precision Machined Parts Manufacturing NOC

Author Information

Martin Summers

Insurance Agent

Class code 3629 is used for employees that work in the precision machined parts manufacturing industry, not otherwise classified. To qualify, no less than 50% of all operations performed by the employee shall be held to final tolerances of .001 inches or closer. This classification is also only to be applied for precision machined parts manufacturing, and would exclude precision machine manufacturing. Because this is a NOC classification, it may include other products, not otherwise classified. Generally speaking, though, most employees engaging in work under this classification will be subject to inspection and quality control work.

Some related manufacturing work that is excluded from class code 3629 and that would need to be classified separately includes such things as ball or roller bearings, fuel injection devices, electrical apparatuses, gears, hardware, metal goods, nuts/bolts, plumbers supplies, screws, springs, tools, valves, and wire goods. Those employees operating within a machine shop would also be excluded.

Florida Rates for Class Code 3629

2014 Rate: $1.85
2013 Rate: $2.41

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 3629, this rate change resulted in a 30.3% decrease from 2013 to 2014. The 2014 rate for this classification is 1.85 dollars for every 100 dollars of remuneration. With the decrease in rates this year, the 2014 rate is 54.6% below the 2003 rate of 5.31 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

  • 3638 for ball or roller bearing manufacturing
  • 3581 for fuel injection device manufacturing
  • 3179 for electrical apparatus manufacturing
  • 3635 for gear manufacturing
  • 3146 for hardware manufacturing
  • 3632 for machine shops, NOC
  • 3400 for metal goods manufacturing
  • 3132 for nut or bolt manufacturing
  • 3113 for tool manufacturing

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