Class Code: 3240
WIRE ROPE OR CABLE MFG.—IRON OR STEEL
Per NCCI's Scopes Code Description:
"Code 3240 is assigned to insureds engaged exclusively in stranding iron or steel wire rope or cable of various sizes depending upon its ultimate use. This classification does not contemplate wire drawing or the manufacture of insulated electrical cable. Reeled iron or steel wire or coils of drawn wire and core material are received from others. Wires are laid into strands in one or more layers around a core wire of each strand in a stranding machine, which also winds the strands onto large bobbins that are placed in a closing machine. The strands are helically bent around the core, of whatever type, at the entrance of a compression die; the finished rope or cable is pulled through, measured by power-driven drums and stored on shipping reels."
Rate per $100. of Renumeration: $ 3.23
Please see the attached graph for the 25 year rate history of this workers' compensation class code in the State of Florida .
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