Workers' Compensation Insurance

Class Code 3643

Electric Power or Transmission Equipment Manufacturing

Author Information

Martin Summers

Insurance Agent

Class code 3643 is used for employees that work for a facility that manufactures electric power or transmission equipment. Products would include, but are not limited to, such things as motors, generators, converters, transformers, switchboards, circuit breakers, switches, switchboard apparatus, induction furnaces, coil windings, battery chargers, electric meter boxes, meter mountings, and sockets. Repair and service work performed on these types of devices and machines is also included within the scope of the classification, as long as it is done in the insured’s shop and not on the customer’s premises.

Exclusions that are to be separately classified from class code 3643 include electrical wiring work done away from the insured’s shop, operations that repair or rebuild electric motors and sewing machines, and those who repair, install, or dismantle equipment at a customer’s location or in a sewing plant.

Florida Rates for Class Code 3643

2014 Rate: $2.38
2013 Rate: $2.68

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 3643, this rate change resulted in a 12.6% decrease from 2013 to 2014. The 2014 rate for this classification is 2.38 dollars for every 100 dollars of remuneration. With the decrease in rates this year, the 2014 rate is 65.7% below the 2003 rate of 7.82 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

  • 3574 for repairing and rebuilding sewing machines, cutters, and parts in shop
  • 3643 for repairing and rebuilding electric motors
  • 3724 for electrical apparatus installation or repair
  • 5190 for electrical wiring away from shop & drivers
  • 9519 for installation, service, or repair of noncommercial sewing machines

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