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Workers' Compensation Insurance

Class Code 6214

Oil or Gas Well: Perforating of Casing – All Employees

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Martin Summers

Insurance Agent

Class code 6214 is used for employees that perform perforation work to casings in oil or gas wells, including drivers. Those qualifying for this classification will generally be specialty contractors who perform all perforating work underground to steel pipe casings. Additionally, workers in this class code will usually provide, transport, and operate their own equipment. Tools that are commonly used by those listed under class code 6214 include, but are not limited to, perforating guns, perforating rods, and explosive devices with detonators. When classifying workers to this class code, it is important to follow the extra-territorial classification guidelines for each worker to ensure that they are properly classified. Any perforating operations that are performed above ground would be excluded and should be separately classified.

Florida Rates for Class Code 6214

2014 Rate: $3.78
2013 Rate: $4.68

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 6214, this rate change resulted in a 23.8% decrease from 2013 to 2014. The 2014 rate for this classification is 3.78 dollars for every 100 dollars of remuneration. With the decrease in rates this year, the 2014 rate is 63.3% below the 2003 rate of 12.76 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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