Workers' Compensation Insurance

Class Code 8039

Store: Departmental - Retail

Author Information

Martin Summers

Insurance Agent

Class code 8039 is used for employees that work in a large retail department store. Stores of this type will generally have many different departments, as well as custom house furnishing creation and installation operations. In order to qualify under this classification, three conditions must be met. First, the annual payroll (subject to this classification) must be at least $650,000. Secondly, merchandise handled by employees must include: wearing apparel, linens/domestics, house furnishings (other than furniture), and at least two of the following: furniture, giftware, luggage, cosmetics, sporting goods, toys, greeting cards/stationery, jewelry, and hardware. Finally, the total annual combined sales of wearing apparel, linens/domestics, and house furnishings must exceed 50% of total annual sales (with the total annual sales of wearing apparel, jewelry, and cosmetics not exceeding 80% of total sales).

Operations not covered within the scope of class code 8039 would be any store that does not meet the above three conditions, including dollar stores, five and ten cent stores, discount stores, grocery stores, drug stores, and super or warehouse clubs. In addition, businesses that perform installation, service, or repair (other than basic delivery services) of household appliances, automobile accessories, tires, air conditioners, and vehicles would also be excluded and should be classified separately.

Florida Rates for Class Code 8039

2014 Rate: $2.59
2013 Rate: $3.24

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 8039, this rate change resulted in a 25.1% decrease from 2013 to 2014. The 2014 rate for this classification is 2.59 dollars for every 100 dollars of remuneration. With the decrease in rates this year, the 2014 rate is 26.7% below the 2003 rate of 4.42 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.

Other Related Class Codes

  • 8017 for retail dollar or discount stores
  • 8006 for retail grocery stores
  • 8018 for wholesale stores, NOC
  • 8045 for retail drug stores

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