Class Code 5705

Salvage Operation – No Wrecking

Class code 5705 is used for employees that work for a salvage operation, not requiring wrecking or structural operations. Workers under this classification will perform a variety of jobs that are related to the salvage of buildings and structures, including removing, sorting, reconditioning, and distributing of merchandise and contents, as well as working with insurance companies. Work may be done as a result of things like fire or flooding, and some work may be heavy, requiring frequent rigging operations to be performed.

Florida Rates for Class Code 5705

2020 Rate: $13.52

2019 Rate: $16.46

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 5705 is 13.52 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 5705 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.