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 8010 is used for employees that work for a retail or wholesale hardware store. Basic operations will be the stocking, pricing, and selling of goods such as nails, bolts, screws, brackets, locks, plugs, washers, gaskets, hinges, electrical outlet boxes, fuses, switches, sockets, hand or machine tools, portable electric tools, plumbing fittings, garden tools, and other hardware related supplies and equipment. Non hardware items may also be sold and may include such things as paint, kitchenware, sporting goods, or auto accessories and parts. Rental operations done as part of the hardware store business are also included within this classification. In addition, locksmiths operating a retail store and stores that sell, rent, and repair bicycles are also included.
Operations that are similar, but that should be excluded and classified separately include retail stores whose primary merchandise is sporting goods, paint, kitchenware, china and glassware, automobile accessories, plumbing supplies, fixtures, and equipment, and major household electrical appliances or furniture.
2020 Rate: $1.79
2019 Rate: $1.94
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 8010 is 1.79 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 8010 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
2020 Florida Workers Comp Rates
View the New Rates
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).