Insurance Companies - Including Clerical & Salespersons
Florida Workers' Compensation Class Code 8723 • FWCJUA / NCCI • Effective 2025-01-01
Current Rate
$0.07
per $100 of payroll
FWCJUA / NCCI 2025-01-01
What is Class Code 8723?
Class code 8723 covers insurance company operations, including all employees from underwriters and claims adjusters to clerical staff and inside salespeople. This is a broad classification covering the full range of insurance company office operations. Florida has a large insurance industry including carriers, managing general agents, and insurance service companies. Hazards are primarily ergonomic from computer work and motor vehicle accidents for claims staff.
Who is Covered Under This Code?
Underwriters, claims adjusters, customer service representatives, and clerical staff within insurance companies.
Tips to Reduce Your Premium
- Separate outside claims adjusters under code 8728
- Ergonomic programs reduce repetitive strain claims for computer-intensive staff
- MVR checks are required for claims adjusters who drive to loss sites
Frequently Asked Questions
What is workers comp class code 8723?
Class code 8723 covers insurance company operations, including all employees from underwriters and claims adjusters to clerical staff and inside salespeople. This is a broad classification covering the full range of insurance company office operations. Florida has a large insurance industry including carriers, managing general agents, and insurance service companies. Hazards are primarily ergonomic from computer work and motor vehicle accidents for claims staff.
What is the workers comp rate for class code 8723 in Florida?
The current workers' compensation rate for class code 8723 in Florida is $0.07 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 8723?
Underwriters, claims adjusters, customer service representatives, and clerical staff within insurance companies.
How can I reduce my workers comp premium for class code 8723 in Florida?
Separate outside claims adjusters under code 8728 Ergonomic programs reduce repetitive strain claims for computer-intensive staff MVR checks are required for claims adjusters who drive to loss sites
Do I need workers comp insurance for employees classified under code 8723 in Florida?
Yes. Florida requires most employers to carry workers' compensation insurance for their employees. Class code 8723 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 8723 in FL.
Quick Facts
- Class Code
- 8723
- State
- Florida
- Rate per $100
- $0.07
- Rating Org
- FWCJUA / NCCI
- Effective
- 2025-01-01
Related Class Codes
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