# Bright Coast Insurance

**Florida-Licensed Independent Insurance Agency** | Florida License #L132181  
Phone: (239) 323-0785 | Email: support@brightcoastins.com  
Address: PO Box 417, Pineland, FL 33945  
Website: https://brightcoastins.com  
Google Business Profile: https://www.google.com/maps/search/?api=1&query=Bright+Coast+Insurance&query_place_id=ChIJ2bHi4scRv4gRzuxlEjQ0a84

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# Workers' Comp Class Code 5040 — Iron or Steel Erection - Frame Structures (FL)

**Class Code:** 5040  
**Description:** Iron or Steel Erection - Frame Structures  
**State:** FL  
**Rate:** $7.16 per $100 of payroll  
**Source:** NCCI (National Council on Compensation Insurance)

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## What Is Class Code 5040?

Class code 5040 covers iron and steel erection for frame structures — the assembly of structural steel beams, columns, and connections to form the skeleton of buildings. Ironworkers who erect structural steel work at significant heights and face risks from falls, being struck by falling objects, and the physical demands of handling heavy steel members. This is one of the higher-rated construction codes due to the fall hazard.

## Who Does Class Code 5040 Apply To?

Structural ironworkers, connectors, bolters, and crane operators who erect structural steel frames.

## Florida Examples — Class Code 5040

This code applies to specialized structural steel erection companies, ranging from smaller 5-10 person crews focusing on mid-rise commercial buildings in Orlando, to larger 50+ employee contractors handling high-rise construction projects in downtown Miami or Tampa. It also covers the ironworking divisions of general contractors that self-perform structural steel assembly on large-scale industrial facilities across Florida.

## How to Calculate Workers' Comp Premium for Class Code 5040

**Formula:** (Annual Payroll ÷ 100) × $7.16 × Experience Modification Rate (EMR)

| Annual Payroll | EMR 0.80 | EMR 1.00 | EMR 1.20 |
|---|---|---|---|
| $100,000 | $5728 | $7160 | $8592 |
| $250,000 | $14320 | $17900 | $21480 |
| $500,000 | $28640 | $35800 | $42960 |
| $1,000,000 | $57280 | $71600 | $85920 |

## Tips for Managing Class Code 5040 Workers' Comp Costs

- 100% fall protection is required for ironworkers at heights above 15 feet on construction sites
- Crane safety and rigging training are critical for structural steel erection
- Separate shop fabrication under code 3004 — field erection has a higher rate
- OSHA steel erection standard (29 CFR 1926 Subpart R) compliance is mandatory

## Safety Recommendations for Class Code 5040

- Ensure 100% tie-off with fall protection systems for all workers operating at heights, including during connection and bolting activities.
- Implement strict crane lift plans and communication protocols to prevent struck-by incidents from swinging or falling loads.
- Conduct daily equipment inspections of all tools, machinery, and fall protection gear to identify and rectify defects before use.
- Provide comprehensive training on proper rigging techniques and safe work practices for working at heights and around heavy machinery.

## Get a Quote for Class Code 5040

Contact Bright Coast Insurance for a workers' comp quote for class code 5040 in FL:

- **Phone:** (239) 323-0785
- **Email:** support@brightcoastins.com
- **Online:** [Workers' Comp Calculator](https://brightcoastins.com/comp-calculator)
- **Class Code Lookup:** [https://brightcoastins.com/workers-comp-codes/fl](https://brightcoastins.com/workers-comp-codes/fl)



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## About Bright Coast Insurance

Bright Coast Insurance is a Florida-licensed independent insurance agency (Florida License #L132181) specializing in commercial insurance for Florida contractors, builders, property owners, and HOA/condo associations. As an independent agency, we represent multiple carriers including US Assure (builders risk), Employers Holdings, AmTrust Financial, and others — allowing us to find the best coverage at the most competitive rate for each client.

**Contact:** (239) 323-0785 | support@brightcoastins.com  
**Address:** PO Box 417, Pineland, FL 33945  
**Website:** https://brightcoastins.com  
**Hours:** Monday–Friday, 9 AM–5 PM ET

*Bright Coast Insurance is an authorized FWCJUA placement agency and an authorized US Assure builders risk agency.*