Florida Workers Comp Specific
Find the latest information and rates about the class codes on your workers compensations insurance policy. These are used to categorize your employees by job duty.
Class code 5473 is used for employees that work for an operation that is contracted to remove, repair, enclose, or encapsulate asbestos materials, including drivers, which are not otherwise classified. Examples of asbestos locations that are common to this classification include ceilings, walls, partitions, floors, and heating and air conditioning ducts. More specifically, asbestos containing products such as thermal insulation, floor coverings, ceiling tiles, cement sheets, corrugated or granular wraps, and decorative and acoustical treatments are also commonly handled.
Work may be done in a variety of buildings or structures, so long as they are not considered to be boiler or pipe related. Any employee or operation that performs asbestos work exclusively involving pipes or boilers should be separately classified. 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.
2022 Rate Get Quote: Click Here
2021 Rate: Click Here
2020 Rate: $9.92
2019 Rate: $11.86
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 5473 is 9.92 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.
*This description of class code 5473 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.
Florida Workers Comp Specific
2022 Florida Workers Comp Rates
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Workers compensation rates change each year. Find out whether the rates for your class codes are increasing or decreasing from last year.
The manual rates are issued by the Florida Office of Insurance Regulation after being analyzed by the National Council on Compensation Insurance (NCCI).