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Workers' Compensation Insurance

Class Code 4683

Oil Manufacturing - Vegetable - NOC

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Martin Summers

Insurance Agent

Class code 4683 is used for employees that work within a facility that manufacturers’ oil, specifically vegetable oil, not otherwise classified. This is most commonly done by either a hydraulic pressing or a rotary screw pressing method. To begin, employees will receive raw materials from others, like soybeans, peanuts, corn germ, flaxseed, rice bran, castor beans, sunflower seeds, olive pomace, and cocoa beans. Mechanical implements will then be used in the milling of the seeds or beans and then each will be steam cooked as required. Once cooked, the seeds or beans are then pressed (using the desired method) to expel the oils. In addition, this classification also includes any incidental refining of the oils that is required, to bring them to their final form.

Traditionally used vegetable oils, as well as those used in livestock feed and cottonseed oil lard substitutes, would be included under class code 4683. While this is a NOC classification, trades that are excluded and that should be classified elsewhere include the manufacturing of butter substitutes, corn products, mechanically produced cottonseed oil, and vegetable oils produced with a solvent extraction process.

Florida Rates for Class Code 4683

2014 Rate: $4.50
2013 Rate: $5.39

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 4683, this rate change resulted in a 19.8% decrease from 2013 to 2014. The 2014 rate for this classification is 4.50 dollars for every 100 dollars of remuneration. With the decrease in rates this year, the 2014 rate is 32.7% below the 2003 rate of 8.01 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

  • 4717 for butter substitution manufacturing
  • 4703 for corn products manufacturing
  • 4670 for cottonseed oil manufacturing – mechanical
  • 4686 for oil manufacturing – vegetable – solvent extraction process

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