Best Price Workers Comp for California Staffing Agencies

Best Price Workers Comp for California Staffing Agencies

Staffing Agencies in California sometimes have a difficult time obtaining Workers Comp at a reasonable rate. This is because most Workers Comp carriers do not like to write staffing agencies. This blog will go over some of the things you can do to get a better rate on your Workers Comp policy.

Best Price Workers Comp for California Staffing Agencies – Classifications

Workers Comp classifications for Staffing Agencies can differ substantially depending on your employees’ duties. In general, employees should be classified depending on the types of operations they perform. For example, if your employee is hired on as a programmer, they will go under the computer programming code.
It is important that you take the necessary time to properly classify these employees because the rates that are associated with these class codes can differ substantially. Properly classifying your employees may help with eligibility as well, as some carriers are more lenient with staffing agencies that have certain class codes.

Best Price Workers Comp for California Staffing Agencies – Types of Staffing

In addition to employee classifications, the type of Staffing plays a large role in eligibility and therefore plays a large role in obtaining the best price on your Workers Comp. When you approach your Agent/Broker for a quote, it is critical that you clarify the types of staffing offered, be it temp staffing, direct-to- hire, or permanent staffing. This clarification will can sometimes make the difference between getting a quote approved that would otherwise be denied.

Best Price Workers Comp for California Staffing Agencies – Shopping Workers Comp

Shopping your Workers Comp is an important part of making sure you get the best price possible. Carriers appetites, guidelines, and rates change every year. A preferred carrier that may have declined your application last year may have the best rates this year. When shopping for Workers Comp, it is important you obtain Loss Runs from your prior carrier. Carriers can sometimes offer credits and/or discounts to Staffing Agencies with a clean loss history. Make sure you ask your Agent/Broker if you are eligible for any additional discounts or credits.

If you would like to learn more about obtaining the Best Price Workers Comp for your California Staffing Agency, 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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