Best Price Workers Comp for Barber Shops

Best Price Workers Comp for Barber Shops

Barber Shops offer an essential service that many people cannot live without. There are a lot of overhead costs associated with running a Barber Shop, and Workers Comp is one of them. However, you don’t have to pay an arm and a leg for coverage. There are ways to get a better price, and this blog will show you how!

Best Price Workers Comp for Barber Shops – Independent Contractors

Many Barber Shops operate their business with independent contractors renting a station for their own clientele. However, these independent contractors are often required to be included on the Workers Comp. Workers Comp carriers in general do not like to insure Barbershops without including all of the independent Contractors. One way around this would be to require your independent contractors to carry their own Workers Comp. If you go this route, make sure you collect a Certificate of Insurance, which will outline the policy limits, effective date, and carrier.

Best Price Workers Comp for Barber Shops – Continuous Coverage

An important part of making sure you get the Best Price on your Barber Shop is maintaining continuous coverage without lapses. This is because some of the preferred carriers with the best rates only offer coverage to Barber Shops with 3 years of continuous coverage without any lapses. In addition, depending on your carrier, you may be able to obtain additional discounts or credits by showing your current carrier that you have had several years of continuous coverage. You can assure your policy stays in force by getting on an automatic payment schedule or paying your policy in full.

Best Price Workers Comp for Barbershops – Obtaining Additional Credits

There are things you can do to obtain additional credits that may otherwise be overlooked. Obtaining Loss Runs, regardless of your loss history, can go a long way when requesting additional credits from your carrier. You can also implement a formal safety program with weekly or monthly safety meetings. In addition, there are credits available for businesses that have a return to light duty plan or a formal loss prevention program.

If you would like to learn more about getting the Best Price for your Barber Shop, give us a call! You can reach us at 925-297-4829.

All information is general in nature and is intended to provide guidance only. It is up to you to request specific coverage options, the agency and agent do not bear this responsibility. Always read the policy if there is a questions about coverage or a claim. If any information herein should conflict with your actual policy’s specific language, the policy language will be controlling.

If You Are Serious About Saving Money While Building A Long Term Business Relationship Please Request A Quote And We Will Be In Touch With Your Shortly!