Florida Workers Comp Specific
Find the latest information and rates about the class codes on your workers compensations insurance policy. These are used to categorize your employees by job duty.
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.
2022 Rate Get Quote: Click Here
2021 Rate: Click Here
2020 Rate: $1.46
2019 Rate: $1.62
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 3629 is 1.46 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.
*This description of class code 3629 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.
Florida Workers Comp Specific
2022 Florida Workers Comp Rates
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Workers compensation rates change each year. Find out whether the rates for your class codes are increasing or decreasing from last year.
The manual rates are issued by the Florida Office of Insurance Regulation after being analyzed by the National Council on Compensation Insurance (NCCI).