Workers Comp Class Code 3724 Gets a 17.8% Rate increase
Definition: Code 3724, a “not otherwise classified” code, is applied to contractors specializing in the erection or repair of heavy machinery or equipment at their customers’ locations, which may include plants, factories and mills. Examples include air conditioning units, transformers etc.
This classification is also applied to contractors specializing in the installation or repair of electrical apparatus at their customers’ locations. How Ever it does not apply to the erection of poles, stringing of wires, installation of transformers on poles or on the outside of buildings or the making of service connections. While the operations vary depending upon the type of job, there is a considerable amount of heavy lifting, frequently by the use of hoists or cranes.
Who can Use it: Specialty Contractors involved in repairing or installing heavy machinery away form their own location. One constant there is a considerable amount of heavy lifting, frequently by the use of hoists or cranes.
Rates: Rates vary by carrier but better than average rates are available for safety conscious clients
Who Writes it: Specialty Workers Comp Carriers like this class code. Contact Enforce Coverage for a quote today.