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Workers' Compensation Insurance

Class Code 5057

Iron or Steel: Erection NOC

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Martin Summers

Insurance Agent

Class code 5057 is used for employees that perform iron or steel erections jobs, not otherwise classified. Jobs that fall within the scope of this classification are generally done on the ground and are not structural in nature. Examples of work that may be performed includes raising support beams and trusses on walls not part of the steel structure, setting up iron or steel tanks on the ground, erecting cylindrical tanks not resting on steel supporting framework, the installation of lock gates, blast furnaces, windmills, outside railings, and coal chutes, iron or steel work done in connection with building moving or raising operations, erection, repair, or removal of concrete or cement distributing towers, metal oil rig or derrick erecting and dismantling operations, iron or steel building/structure wrecking (not marine), scaffolding installation, repair, or removal (built from the ground), and incidental welding work that is required as part of a qualified job. Additionally, specialist contractors who install fire proof or burglar proof vaults are also included.

Other areas of work that are similar in nature but that are excluded from class code 5057 include moving or raising operations dealing with entire buildings, metal fence erection, sheet metal installation work, and iron or steel erection that is falls under a different classification code. When classifying workers to this class code, it is also important to follow the extra-territorial classification guidelines for each worker to ensure that they are properly classified.

Florida Rates for Class Code 5057

2014 Rate: $8.15
2013 Rate: $9.44

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 5057, this rate change resulted in a 15.8% decrease from 2013 to 2014. The 2014 rate for this classification is 8.15 dollars for every 100 dollars of remuneration. With the decrease in rates this year, the 2014 rate is 79.6% below the 2003 rate of 46.35 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

  • 5703 for building raising or moving
  • 6400 for fence erection – metal
  • 5069 for iron or steel erection – construction of dwellings not over two stories in height
  • 5040 for iron or steel erection – frame structures
  • 5059 for iron or steel erection – frame structures not over two stories in height
  • 5535 for sheet metal work – installation & drivers

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