Best Price Workers Comp for California Pharmacies

Best Price Workers Comp for California Pharmacies

Pharmacies in California, like most California businesses, are required to carry Workers Comp for their employees. There are several important items to consider when shopping for Workers Comp for a California Pharmacy. With that said, we will explain some of the most important items you need to know when shopping for Workers Comp for your California Pharmacy.

Best Price Workers Comp for California Pharmacies – Pharmacy Operations

Properly explaining your Pharmacy’s operations can go a long way in making sure you get the best price for your Workers Comp. This is because your operations can play a big role in determining carrier eligibility and credits. Carrier eligibility is particularly important because many of the carriers with the best rates also have specific guidelines that must be met. For example, a Pharmacy that operates inside of a hospital or mental health facility may be declined by a carrier that would otherwise insure the Pharmacy.

Best Price Workers Comp for California Pharmacies – Class Codes

Employees working within the Pharmacy typically are classified as 8017, which is the store class code. Depending on your employees’ duties, you may be able to classify them separately as clerical or outside sales employees. If you are able to classify these employees separately it can make a big difference in your Workers Comp premium. This is because the rate for the clerical or outside sales class code is often much lower than the class code for stores.

Best Price Workers Comp for California Pharmacies – Maximizing Discounts

One of the best ways to make sure you obtain the best price for your Pharmacy’s Workers Comp is by maximizing your discounts. Depending on the carrier you are insured with, there are often several discounts or credits that may be available to you. For example, Pharmacy’s that can show several years of continuous coverage without lapses or claims can often get a discount. Pharmacy’s that implement a formal, written safety procedure can often leverage this to obtain additional
discounts. There are additional discounts you can obtain depending on your operations, you just have to ask!

If you would like to learn more about maximizing your discounts and obtaining the Best Price Workers Comp for your California Pharmacy, we would be happy to help!

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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