Class Codes
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.
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Calculate Rate & PremiumClass code 5703 is used for employees that provide building raising or moving services. Typically, work done by those in this classification will include preparing the building to be moved by digging under the foundation or placing holes in the base, shoring functions that are incidental, inserting cross beams for raising, using cribbing, hydraulic jacks, and wheel dollies to lift the structure onto transport devices (such as telescopic trailers), transporting and dropping structures at their new locations, removing beams, and filling holes. In addition, class code 5703 is also used to classify workers who are responsible for boarding up or removing boards from windows of structures, those who remove and replace chimney portions, and anyone that performs carpentry work within the building to repair damage that was caused by moving procedures. 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: $12.86
2019 Rate: $14.30
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 5703 is 12.86 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 5703 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.
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).