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Workers' Compensation Insurance

Class Code 3635

Gear Manufacturing Or Grinding

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Martin Summers

Insurance Agent

Class code 3635 is used for employees that work within a facility that manufactures all sizes and types of gears, made with metal or plastic. The general scope of the work includes receiving gear blanks and castings from others, using gear-cutting machines to cut and grind the blanks, heat-treating and assembling the gear units, and inspecting and packaging the finished gear products. Many of the operations will involve precision machining work of some type. In addition, the manufacturing of piston pins and piston rings would also be assigned to class code 3635.

Florida Rates for Class Code 3635

2014 Rate: $3.55
2013 Rate: $4.55

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 3635, this rate change resulted in a 28.2% decrease from 2013 to 2014. The 2014 rate for this classification is 3.55 dollars for every 100 dollars of remuneration. With the decrease in rates this year, the 2014 rate is 15% below the 2003 rate of 5.35 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.

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