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Workers' Compensation Insurance

Class Code 5606

Contractor - Construction Supervisor

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Martin Summers

Insurance Agent

Class code 5606 is used for employees who work in full time positions that have administrative or managerial responsibility for construction erection projects. Common positions included within this classification are people like project managers, construction executives, construction managers, and construction superintendents. Despite their job title or assigned position, employees under this class code cannot complete any actual construction work and are limited to supervision and overseeing of job foremans. Sole proprietors or owner/operators without employees, performing subcontracting work for the insured, would not be assigned to this classification because he/she would not have the required job supervisor or foreman.

Work under class code 5606 will usually be split between office duties and job site visits. Examples of work that may be done include things such as conferring with the job superintendent, keeping track of work progress, managing subcontractors and employees through the foreman, updating clients on the work completed, maintaining job records, and driving from site to site as required. A single employee cannot have their payroll divided or be included in any other classification under class code 5606.

Florida Rates for Class Code 5606

2014 Rate: $1.84
2013 Rate: $2.12

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 5606, this rate change resulted in a 15.2% decrease from 2013 to 2014. The 2014 rate for this classification is 1.84 dollars for every 100 dollars of remuneration. With the decrease in rates this year, the 2014 rate is 60.2% below the 2003 rate of 5.32 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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