Affordable Workers Comp for California Roofing Contractors

Affordable Workers Comp for California Roofing Contractors

Workers Comp for Roofing Contractors are some of the highest rated class codes in California. Many Roofing Contractors in California struggle to maintain a profitable business with the burdening cost of Workers Comp. There are ways, however, to significantly lower your Workers Comp premium.

Affordable Workers Comp for California Roofing Contractors – Carrier Eligibility

One of the most effective ways to lower your Workers Comp premium is purchasing Workers Comp with a private carrier that has competitive roofing class code rates. This may seem obvious, however, these private carriers with competitive rates have specific eligibility requirements that must be met. Most carriers that offer competitive roofing rates require a minimum of 3 years prior, continuous Workers Comp coverage. Any lapse in coverage will make it extremely difficult to gain approval from these carriers. There are additional eligibility requirements, depending on the carrier, however, maintaining coverage without lapses is one of the most important things you can do to obtain affordable Workers Comp.

Affordable Workers Comp for California Roofing Contractors – Employee Hourly Rates

There are two primary Workers Comp class codes for Roofing Contractors in California. The 5552 class code is designated for employees whose regularly hourly wage does not equal or exceed $23 per hour. Alternately, the 5553 class code is designated for employees whose hourly wage equals or exceeds $23 per hour. This is an important distinction because the difference in rates between 5552 and 5553 can be astronomical.

Affordable Workers Comp for California Roofing Contractors – Additional Savings

Obtaining affordable Workers Comp often consists of a combination of lower rates, proper classifications, and obtaining credits on your policy. In addition to the items listed above, there are additional discounts you can receive to save money. One of the biggest discounts can be from receiving an X Mod, or Modification Rate from the Workers Comp Insurance Rating Bureau of California. You can also get credits from some carriers for having a formal safety program, a loss prevention program, or association affiliations.

If you would like to learn more about obtaining Affordable Workers Comp for your California Roofing Company, give us a call!

You can reach our roofing specialist 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!