Class Code 8721

Real Estate Appraisal Company - Outside

Class code 8721 is used for outside employees that work for a real estate appraisal company. Firms qualifying for this classification will have their primary business in determining the market value of real estate, by way of an appraiser gathering data relative to the property. This is generally done by observing the property and comparing it to other properties. While much of the work performed by employees under class code 8721 will be done in an office setting, visiting property locations will also be required on a regular basis. Also included within this classification are employees that work as outside salespeople or collectors of real estate agencies.

Exclusions to this classification include anyone who performs physical in-depth or hazardous inspections of any property. This would include such things as inspecting boilers, electrical systems, roofs, furnaces, attic crawl spaces, or sub-basements.

Florida Rates for Class Code 8721

2020 Rate: $0.27

2019 Rate: $0.27

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 8721 is 0.27 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.

Other Related Class Codes

*This description of class code 8721 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.