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Workers' Compensation Insurance

Class Code 8058

Building Material Dealer

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Martin Summers

Insurance Agent

Class code 8058 is used for employees that work within a store that sells new building materials. Locations that are generally found within this classification would be building material dealers, home improvement centers or stores, and lumberyards who also engage in a store type operation. Job duties will vary by employee, but may include stocking shelves, assisting customers, receiving payment, and other related work. Exclusions to this class code are traditional lumberyard employees and employees of a retail store whose primary business is selling merchandise not related to building materials.

Florida Rates for Class Code 8058

2014 Rate: $3.21
2013 Rate: $3.77

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 8058, this rate change resulted in a 17.4% decrease from 2013 to 2014. The 2014 rate for this classification is 3.21 dollars for every 100 dollars of remuneration. With the decrease in rates this year, the 2014 rate is 55.5% below the 2003 rate of 8.48 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

  • 8232 for lumberyard employees

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