01 Apr Low Cost Workers Comp for Ice Cream Shops
Low Cost Workers Comp for Ice Cream Shops
Ice Cream Shops, like most retail shops, typically have employees that need to be covered with a Workers Comp policy. There are several programs and options available for most Ice Cream Shops, but getting it for a low cost can be tricky. We will explain what you can do to lower the cost of your Ice Cream Shop’s Workers Comp policy.
Low Cost Workers Comp for Ice Cream Shops – Classifying Employees
With Workers Comp, employee classifications go a long way in determining the policy premium. Ice Cream shops are typically classified as 8078(3), also referred to as Ice Cream or Frozen Yogurt Shops. However, depending on the size and scope of your operations, you may be eligible for classifying your employees separately. If you have a large operation, you likely have employees that work strictly in a clerical, marketing, or outside sales capacity. These employees may be eligible for separate classifications. If you are able to separately classify these employees, the rate will be much lower than the retail shop employees.
Low Cost Workers Comp for Ice Cream Shops – Discounts
There are several ways to get discounts on your Workers Comp policy. For one, you can often purchase General Liability with the same carrier as your Workers Comp, which will often give a multi-policy discount. Alternatively, you can often obtain discounts by implementing a formal safety program with a return to light duty plan. If you don’t know how to do this, don’t worry. Most carriers have resources available to assist you with implementing these types of programs.
Low Cost Workers Comp for Ice Cream Shops – Shopping Your Workers Comp
Shopping your Workers Comp is an important part of assuring you are getting low cost Workers Comp for your Ice Cream Shop(s). As mentioned above, there are many carriers available that offer Workers Comp coverage for Ice Cream Shops. These carriers’ rates are always changing, therefore shopping your policy annually is a great way to lower your Workers Comp costs. When shopping for Workers Comp, make sure you obtain Loss Runs from your prior carrier, as this information will help your Agent/Broker properly shop the policy.
If you would like to learn more about obtaining Low Cost Workers Comp for your Ice Cream Shop, give us a call 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.
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