Class Code 3724 Rates & Quotes

Machinery Or Equipment Erection/Repair NOC

Class code 3724 is used for employees of the insured who engage in work off the insured’s premises. This code is considered a “not otherwise classified” code and should be applied to contractors specializing in the erection or repair of heavy machinery or equipment at their customers’ locations. Code 3724 also includes contractors who install or repair electrical apparatuses, such as heavy motors, generators, and power switchboard equipment, at customers’ locations. In addition, the scope of this classification also includes the installation of overhead garage doors when completed by a specialty contractor. The installation of acetylene gas machines, conveyor systems, gas benches and retorts, grates in steam boilers, leather beltings, installation of gas station tanks, automatic car washing equipment and the erection of temporary floodlights also would be included.

While Code 3724 can be applied to the installation of substation equipment in addition to central station equipment, it does not apply to the erection of poles, stringing of wires, installation of transformers on poles or on the outside of buildings, or the making of service connections. In addition, operations such as steam boiler installation and repair, elevator erection and repair, oil still erection and repair, and electric light or powers company employees are also excluded and should be otherwise classified.

Florida Rates for Class Code 3724

2022 Rate Get Quote: Click Here

2021 Rate: Click Here

2020 Rate: $3.39

2019 Rate: $3.55

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 are adjusted annually by the Florida Office of Insurance Regulation.

The 2020 rate for class code 3724 is 3.39 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.

Other Related Class Codes

*This description of class code 3724 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.