Workers' Compensation Insurance

Class Code 8292

Storage Warehouse NOC

Author Information

Martin Summers

Insurance Agent

Class code 8292 is used for employees that work for a storage warehouse, not otherwise classified. Operations that qualify for this classification do not have any equity in the products that they store and their primary business will be in managing the warehouse location, maintaining equipment, as well as receiving, safekeeping, and releasing of the products for shipment. Products stored may vary greatly, but may include such things as non perishable food products (such as coffee, rice, potatoes, peanuts, etc.), general merchandise, and bulk materials. Storage is usually on a long term basis and will not be handled frequently.

Similar operations that should be excluded from class code 8292 include freight handling businesses, cold storage warehouses that provide refrigeration, furniture storage warehouses, wholesale stores that own and use their own storage facilities, tobacco rehandling or warehousing operations, and drivers that work for a warehouse company.

Florida Rates for Class Code 8292

2014 Rate: $5.74
2013 Rate: $6.32

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 8292, this rate change resulted in a 10.1% decrease from 2013 to 2014. The 2014 rate for this classification is 5.74 dollars for every 100 dollars of remuneration. With the decrease in rates this year, the 2014 rate is 52.6% below the 2003 rate of 13.32 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

  • 2174 for tobacco rehandling or warehousing
  • 7219 for drivers
  • 7360 for freight handling, NOC
  • 8018 for store – wholesale
  • 8291 for storage warehouse – cold
  • 8293 for storage warehouse – furniture

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