Class Code: 3241
WIRE DRAWING—IRON OR STEEL
Per NCCI's Scopes Code Description:
"Code 3241 is applied to insureds engaged in wire drawing, including wire rope or cable manufacturing from iron or steel. Reeled wire stock, received from others, is fed into a primary wire drawing machine which draws the stock through dies to reduce it in size. Some wire may be heat-treated for softening so that it will withstand continual drawing. Secondary and final drawing machines with progressively smaller dies are used to reduce the wire to the desired fineness. Incidental galvanizing is considered normal to iron or steel wire when performed as a subsequent treatment of drawn wire. The finished drawn wire is automatically wound onto reels for shipment or it may be further processed into wire rope or cable, as this classification contemplates wire stranding utilizing stranding and closing machines. Strands formed from drawn wire are helically bent around a core at the entrance of a compression die, the finished wire rope or cable is pulled through, measured by power- driven drums and stored on shipping reels."
Rate per $100. of Renumeration: $ 2.77
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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