Best Price Workers Comp for Chiropractors

Best Price Workers Comp for Chiropractors

The rates associated with Workers Comp for Chiropractors are generally considered pretty low when compared to other industries. Regardless, Workers Comp can still be a costly expense for many Chiropractors. In this blog, we will go over some of the things you can do to make sure you are getting the Best Price on the Workers Comp for your Chiropractic business.

Best Price Workers Comp for Chiropractors – Employee Classifications

Employees that work in Chiropractic offices should all be classified as 8834, also referred to as the Physicians class code. Occasionally we see the mistake of the clerical employees being separately classified as 8810. Unfortunately, for the vast majority of Chiropractic offices, you cannot separately classify your clerical employees. This is especially important, because if you classify these employees incorrectly, you will likely incur additional premium charges when the policy is
audited at the end of the policy term.

Best Price Workers Comp for Chiropractors – Obtaining Discounts

There are often many discounts you can obtain, depending on your office’s operations. For instance, in many cases you can obtain a discount on other lines of Commercial Insurance by carrying additional policies with the same carrier. You can also obtain discounts by having several years of continuous coverage with no lapses in coverage and no claims. Lastly, by implementing formal safety procedures with monthly safety meetings, you may be able to obtain safety discounts from your carrier. These types of discounts can often be overlooked, so make sure to ask your broker which discounts you may be eligible for.

Best Price Workers Comp for Chiropractors – Shopping Your Workers Comp

Shopping your Workers Comp annually can go a long way in helping you get the best price on your Workers Comp. Workers Comp rates can fluctuate drastically each year, therefore it is important to check with all the carriers to assure you are still getting the best rate. When shopping for Workers Comp, you should be obtaining Loss Runs from your prior carrier(s), as these Loss Runs will help your Agent/Broker show the carrier you have had continuous coverage and it will also provide an overview of your claims history. Giving the carrier a concrete overview of your claims history can make the difference between obtaining rate discounts or paying the full rate.

If you would like to learn more about obtaining the Best Price for your Chiropractic Office’s Workers Comp, we would love 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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