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 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.
2020 Rate: $4.25
2019 Rate: $4.68
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 8292 is 4.25 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 8292 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).