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Workers' Compensation Insurance

Class Code 4431

Phonograph Record Manufacturing

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Martin Summers

Insurance Agent

Class code 4431 is used for employees that work within a facility that manufacturers and assembles magnetic and optical recording media. This would include both audio and visual products, like cassettes, CD’s, videotapes, DVDs, etc. Employees responsible for cassette and videotape production would likely use a process of polymerization in a clean-room environment. On the other hand, those working to produce CD’s and DVD’s would be using a vacuum evaporation process, along with an injection mold, to create finished goods out of polycarbonate material. Common equipment and materials that are used within this classification include computers, heaters, rollers, presses, cutting machines, die-casting cylinders, polymer, and ferromagnetic materials.

This class code also covers employees that work in the business of manufacturing phonograph records. Exclusions to class code 4431 include any employee whose primary business is engaging in the duplication and replication of prerecorded media, such as motion pictures, videotapes, computer disks, CD’s, or cassette tapes.

Florida Rates for Class Code 4431

2014 Rate: $1.75
2013 Rate: $1.90

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 4431, this rate change resulted in a 8.6% decrease from 2013 to 2014. The 2014 rate for this classification is 1.75 dollars for every 100 dollars of remuneration. With the decrease in rates this year, the 2014 rate is 59.5% below the 2003 rate of 4.69 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

  • 4360 for duplication and replication of prerecorded media

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