Tool Mfg
Florida Workers' Compensation Class Code 3507 • FWCJUA / NCCI • Effective 2025-01-01
Current Rate
$1.95
per $100 of payroll
FWCJUA / NCCI 2025-01-01
What is Class Code 3507?
Class code 3507 covers tool manufacturing operations, including the production of hand tools, power tool components, and cutting tools. Work involves precision machining, heat treating, and finishing of tool steel components.
Who is Covered Under This Code?
Tool makers, machinists, and heat treat workers.
Tips to Reduce Your Premium
- Machine guarding and lockout/tagout are the primary safety priorities
- Heat treating operations involve high temperatures and quench tank hazards
Frequently Asked Questions
What is workers comp class code 3507?
Class code 3507 covers tool manufacturing operations, including the production of hand tools, power tool components, and cutting tools. Work involves precision machining, heat treating, and finishing of tool steel components.
What is the workers comp rate for class code 3507 in Florida?
The current workers' compensation rate for class code 3507 in Florida is $1.95 per $100 of payroll, as set by FWCJUA / NCCI effective 2025-01-01. Your actual premium will also depend on your experience modification factor (EMR) and the carrier you choose.
Who is covered under class code 3507?
Tool makers, machinists, and heat treat workers.
How can I reduce my workers comp premium for class code 3507 in Florida?
Machine guarding and lockout/tagout are the primary safety priorities Heat treating operations involve high temperatures and quench tank hazards
Do I need workers comp insurance for employees classified under code 3507 in Florida?
Yes. Florida requires most employers to carry workers' compensation insurance for their employees. Class code 3507 employees must be covered. Penalties for non-compliance in Florida can be severe, including stop-work orders and fines. Contact Bright Coast Insurance at (239) 228-8029 for a fast, competitive quote.
Rates shown are advisory loss costs or assigned risk rates as of the effective date listed. Your actual workers' compensation premium will depend on your specific payroll, experience modification factor (EMR), carrier selection, and other underwriting factors. Contact Bright Coast Insurance for an accurate quote tailored to your business.
Premium Estimator
Enter your annual payroll to estimate your base premium for code 3507 in FL.
Quick Facts
- Class Code
- 3507
- State
- Florida
- Rate per $100
- $1.95
- Rating Org
- FWCJUA / NCCI
- Effective
- 2025-01-01
Related Class Codes
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