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Workers' Compensation Insurance

Class Code 4557

Ink Manufacturing

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Martin Summers

Insurance Agent

Class code 4557 is used for employees that work within a facility that manufactures all types of ink or that manufactures candles. For ink production, raw materials such as vegetable and mineral oils, solvents, alcohols, resins, pigments, aniline dyes, wetting agents, dryers, lampblack, and sulphuric, hydrochloric, and acetic acids are received from others and cooked, measured, blended, and milled to the desired smoothness for the ink being produced. For candle manufactures, raw materials will include things like beeswax, paraffin, stearin, wicks, and aniline colors. The waxes will be heated and then wicks will be dipped into them using dipping equipment and formed. After they are allowed to cool and harden, the wicks are cut, color is added, and they are inspected, wrapped, and packaged. Exclusions that are similar in nature but that should be classified separately include oil refining operations and oil or gasoline dealers.

Florida Rates for Class Code 4557

2014 Rate: $2.55
2013 Rate: $3.28

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 4557, this rate change resulted in a 28.6% decrease from 2013 to 2014. The 2014 rate for this classification is 2.55 dollars for every 100 dollars of remuneration. With the decrease in rates this year, the 2014 rate is 47.6% below the 2003 rate of 6.26 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

  • 4740 for oil refining
  • 8350 for oil or gasoline dealers

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