Class Code 5059 Rates & Quotes

Iron or Steel: Erection – Frame Structures Not Over 2 Stories

Class code 5059 is used for employees that work for a company that erects iron or steel frame structures, not over two stories in height. Work in this classification may include assembling and fabrication needed at the job site, as well as raising of the structures, securing with bolts, and welding or riveting operations. Structures that qualify for work within this class code are those not considered dwellings, such as garages, barns, aircraft hangars, warehouses, gasoline filling stations, Quonset huts, lunch stands, etc. Additionally, class code 5059 also includes specialists that erect concrete structural beams or girders (made by others) and those workers that connect bar joists to steel framework. Welding may be performed as well, so long as it is incidental to work under this classification and is done in connection with iron or steel erection.

Payroll divisions that may be used in conjunction with class code 5059 include employees that perform sheet metal siding erection or interior/exterior light gauge steel frame erection. 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 5059

2022 Rate Get Quote: Click Here

2021 Rate: Click Here

2020 Rate: $24.21

2019 Rate: $27.56

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 are adjusted annually by the Florida Office of Insurance Regulation.

The 2020 rate for class code 5059 is 24.21 dollars for every 100 dollars of remuneration.

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

*This description of class code 5059 is a summary of the official description from NCCI that should be used for determining the correct application of a classification code for a Florida business and the groups of employees in that business. This short summary is provided as a courtesy for assisting FloridaWC's clients and potential clients in educating them about the most commonly used class codes in Florida that could be applied to their business operations. For more information about a class code, please use the contact form links below to request the official class codes descriptions from one of our insurance agents.