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Workers' Compensation Insurance

Class Code 8046

Store: Automobile Parts And Accessories

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Martin Summers

Insurance Agent

Class code 8046 is used for employees that work for a retail or wholesale store that specializes in automobile parts and accessories, not otherwise classified. This classification would include drivers, as well as those working within the store location itself. Examples of products that are typically sold under this class code are oil filters, batteries, spark plugs, tires, gaskets, fuel pumps, carburetors, ignition parts, tubes, lubricants, mufflers, gaskets, oils, skid chains, seat belts, windshield wipers, luggage carriers, seat covers, radios, heaters, mirrors, lights, and speed equipment. In addition, stores may also stock and sell small amounts of household electrical appliances, paint, sporting good items, toys, hardware, kitchen utensils, and garden tool implements. While the selling of merchandise will be the primary business of these locations, some installation of parts and accessories is allowed, as long as the store is not considered a motor vehicle repair center.

Exclusions to class code 8046 would include automobile service repair centers, tire dealers and installers, gasoline stations, automobile dismantling operations, and any other retail or wholesale operation whose primary merchandise is not related to auto parts or accessories.

Florida Rates for Class Code 8046

2014 Rate: $4.04
2013 Rate: $4.06

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 8046, this rate change resulted in a 0.5% decrease from 2013 to 2014. The 2014 rate for this classification is 4.04 dollars for every 100 dollars of remuneration. With the decrease in rates this year, the 2014 rate is 33.4% below the 2003 rate of 6.10 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

  • 8010 for automotive replacement parts distributors – wholesale
  • 8380 for rubber tire dealers
  • 3821 for automobile dismantling or salvage parts
  • 8017 for retail stores, NOC

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