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Workers' Compensation Insurance

Class Code 9554

Sign Installation, Maintenance, Repair, Removal, or Replacement

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Martin Summers

Insurance Agent

Class code 9554 is used for employees that perform installation, repair, maintenance, removal, or replacement of billboard signs away from the shop location, not otherwise classified. This is an all-inclusive classification that is designed to include all away from shop workers in all areas of operations, including drivers. Work that is commonly performed by those in class code 9554 include erection of billboards, signs, poster panels, etc onto buildings or in open fields adjacent to highways, sign painting or lettering on the outside of buildings or structures, the replacement of advertising matter on the actual sign or billboard, and the removal of ad matter or billboards as needed. Additionally, the scope of this classification includes those in the rental, sale, or installation of traffic barricades or similar traffic control devices.

Exclusions to class code 9554 would be anyone who works in a shop setting, even when performing similar duties to the ones covered under this classification, those who paint interior signs or lettering, and operations that install, maintain, repair, remove, or replace signs from floors or stepladders, both interior and exterior. When classifying workers to this class code, it is also important to follow the extra-territorial classification guidelines for each worker to ensure that they are properly classified.

Florida Rates for Class Code 9554

2014 Rate: $13.27
2013 Rate: $12.33

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 9554, this rate change resulted in a 7.6% increase from 2013 to 2014. The 2014 rate for this classification is 13.27 dollars for every 100 dollars of remuneration. Even with the increase in rates this year, the 2014 rate is still 35.9% below the 2003 rate of 19.25 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

  • 9501 for interior sign lettering or painting
  • 9521 for shop operations

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