Best Price Workers Comp for Bakeries

Best Price Workers Comp for Bakeries

Bakeries, like most retail businesses, have several employees that should be covered under Workers Comp. However, carrying Workers Comp does not mean you have to pay an arm and a leg. We will go over some tips to make sure you get the best price on your Bakery’s Workers Comp.

Best Price Workers Comp for Bakeries – Is Workers Comp Required?

Every state has different requirements with regards to Workers Comp. In California, you are required to carry Workers Comp for all employees, regardless if they are full-time or part-time employees. Alternatively, in Texas, purchasing Workers Comp for your employees is completely optional. However, it is important to remember that regardless of your states requirements, employers are often held liable for injuries and illnesses their employees sustain while working. With that said, it is important to purchase Workers Comp regardless of which state you are located in.

Best Price Workers Comp for Bakeries – Shopping Your Policy

Shopping your Workers Comp policy annually can go a long way in bringing down your Workers Comp premium. The reason for this is because the Workers Comp Carriers’ rates and guidelines are always changing. The Carrier with the worst rates this year may very well have the best rates next year. When shopping for Workers Comp, it is best to find a single Agent/Broker that knows the markets well, and let them shop the policy for you. Many people don’t realize this, but contacting several Agents/Brokers at once for quotes may hurt you in the long run, as many of the Agents/Brokers will be blocked from working with the carrier.

Best Price Workers Comp for Bakeries – Picking the Right Class Code

Picking the right class code for your Bakery can be tricky as there are a few codes that may apply. Picking the right class code is very important because the rates vary significantly between class codes, which means you may be overpaying by picking the wrong code. In California, baking operations typically go under class code 2003, with front counter employees being classified as 8017. Lastly, if you operate a larger operation that has separate off-site clerical or sales employees, these employees may be eligible for a separate classification, which may bring down the rate substantially.

If you would like to learn more about obtaining the Best price for your Bakery’s Workers Comp, we would be happy to help!

To learn more, 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.

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!