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Workers' Compensation Insurance

Class Code 3638

Ball Bearing Manufacturing

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Martin Summers

Insurance Agent

Class code 3638 is used for employees that work within a facility that manufactures ball or roller bearings. These products will vary in style and may be designed for use in an assortment of rotating equipment, parts, and devices. The process of producing these products generally will begin with steel rods, received from others, that are heated in a furnace. Once hot, the rods will be cut into short cylinders using a heading machine. These smaller cylinders will then be shaped, cooled, ground, heat-treated, quenched in an oil bath, and then tested for strength using a hydraulic ram. Once the bearings have been finished, they will be packaged individually and shipped or sent on to be assembled into roller bearings.

Forged rings, which are also included within this classification, will be made in a similar process. Near the end, however, these products will be polished carefully to form an inner and outer ring with precision ground grooves for the balls to move on. Once these are assembled and have passed inspections, they will be packaged for shipping as well.

Florida Rates for Class Code 3638

2014 Rate: $2.15
2013 Rate: $2.48

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 3638, this rate change resulted in a 15.3% decrease from 2013 to 2014. The 2014 rate for this classification is 2.15 dollars for every 100 dollars of remuneration. With the decrease in rates this year, the 2014 rate is 61.2% below the 2003 rate of 6.39 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

  • 3629 for precision machined parts manufacturing, NOC

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