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Workers' Compensation Insurance

Class Code 4692

Dental Laboratory

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Martin Summers

Insurance Agent

Class code 4692 is used for employees that work within a dental lab and that create dental replacement and preventative products. Examples of items that may be manufactured under this classification include braces, dentures, crowns, bridges, palatal expanders, retainers, and other related products. Raw materials will vary, depending on the product being produced, but may include such things as gold, porcelain, plastic, wire, etc. Other natural minerals and man-made substances are also used on a regular basis within this class code. Employees operating within this job generally use tools and equipment such as small hand tools, work tables, small grinders, miniature molds and furnaces, and other specialty items of the trade. In most cases, products are ordered, designed, and prepared for use by dental professionals within their practices.

Florida Rates for Class Code 4692

2014 Rate: $0.90
2013 Rate: $0.89

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 4692, this rate change resulted in a 1.1% increase from 2013 to 2014. The 2014 rate for this classification is 0.90 dollars for every 100 dollars of remuneration. Even with the increase in rates this year, the 2014 rate is still 39% below the 2003 rate of 1.46 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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