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Workers' Compensation Insurance

Class Code 4558

Paint, Lacquer or Varnish Manufacturing

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Martin Summers

Insurance Agent

Class code 4558 is used for employees that work within a facility that manufactures all types of paints, including lacquers and varnishes. Products produced under this classification may be either water or oil based, and will generally be made using raw materials such as pigments, drying oils, binders, whiting, varnishes, resins, solvents, thinners, and paint extenders. Job duties will vary in scope from operation to operation, but may include such things as mixing and grinding, operating milling machines, piping of the product to filling machines, and labeling, inspecting, and sealing cans. Additionally, the manufacture of various paintbrush cleaners and paint thinners is also included, as is those employees that work in the manufacturing of whiting, putty, and caulking compounds.

Florida Rates for Class Code 4558

2014 Rate: $2.85
2013 Rate: $3.40

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 4558, this rate change resulted in a 19.3% decrease from 2013 to 2014. The 2014 rate for this classification is 2.85 dollars for every 100 dollars of remuneration. With the decrease in rates this year, the 2014 rate is 54.1% below the 2003 rate of 7.40 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.

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