FL Comp Code: 3042

Florida workers' comp rates are filed with NCCI and approved by the Florida Office of Insurance Regulation. Rates shown are per $100 of gross payroll.

Rate History — Code 3042

Florida workers' comp rates have generally declined. In 2024, NCCI secured an overall -15.1% rate reduction (approved by FLOIR), one of the largest reductions in Florida history.

Code Description

Elevator or Escalator Maker

Workers' compensation class code 3042 — "Elevator or Escalator Maker" — is an NCCI classification used in Florida to categorize employees engaged in this specific industry or trade. Florida employers assign workers' comp codes based on the actual job duties performed by each employee, and accurate classification ensures that premiums reflect the actual risk profile of the business.

The 2025 Florida filed rate for code 3042 is $3.63 per $100 of payroll. Historical rate data: 2022: $5.34, 2023: $4.29, 2024: $3.87, 2025: $3.63. Rates for this code have declined 32% since 2022 — part of Florida's broader workers' comp market improvement driven by tort reform and loss-cost reductions approved by FLOIR. Florida workers' comp rates are set by NCCI through actuarial analysis of actual claims experience, loss costs, and industry trends, then approved by the Florida Office of Insurance Regulation. The rate per $100 of payroll determines the baseline premium before experience modification, schedule rating, and other adjustments are applied.

Florida employers classified under code 3042 should review their OSHA compliance obligations for the specific hazards associated with this work, maintain accurate payroll records segregated by NCCI classification, and report all workplace injuries promptly. Documenting safety training and maintaining a formal incident investigation process directly affects the experience modification rate and future premium costs.

Florida businesses in this classification can often reduce workers' comp costs by working through a Professional Employer Organization (PEO), which provides access to group rates normally available only to large employers. Maintaining a low experience modification rate (EMR) through documented safety programs and return-to-work initiatives is the most sustainable long-term strategy for workers' comp cost control.

Quick Premium Estimate

Based on the 2026 filed rate of $2.56 per $100 of payroll:

These are estimates based on the filed rate only and do not include SUTA, admin fees, or other charges. Get a full itemized quote →