Best Price Workers Comp for Engineering Firms

Best Price Workers Comp for Engineering Firms

If you own or manage an Engineering Firm with employees, it is your responsibility to protect these employees with a Workers Comp policy. There are many Workers Comp carriers, classifications, and discounts available for Engineering Firms. This blog will help you determine how to get the best price on your Workers Comp.

Best Price Workers Comp for Engineering Firms – Employee Classifications

Correctly classifying your employee classifications can play a large role in lowering your Workers Comp premium. This is because the rate difference between different class codes is often substantial. There are several different class codes, depending on your business operations. These class codes can include mechanical engineering, forest engineering, mining engineering. In addition, there are class codes for clerical employees, outside sales employees, etc. Taking the time to classify these employees can make a big difference in your bottom line.

Best Price Workers Comp for Engineering Firms – Maintaining Coverage

Many businesses don’t realize this, but maintaining Workers Comp coverage without any lapses can go a long way in helping you obtain the best price on your Workers Comp policy. Some preferred carriers only offer coverage to Engineering Firms that have maintained Workers Comp coverage without lapses for a minimum of 3 years. In addition, often times you can obtain discounts from your current carrier by carrying continuous coverage.

Best Price Workers Comp for Engineering Firms – Safety

Another important part of getting the best price on your Workers Comp is safety. Establishing a formal safety program can go a long way in getting the best price possible for several reasons. For one, establishing a formal safety program can reduce the frequency and severity of Workers Comp claims. Limiting claims is an important part of keeping your Workers Comp rates low. You can also obtain discounts from the carrier for having monthly safety meetings, a written safety program,
or a return to light duty plan.

If you would like to learn more about getting the Best Price Workers Comp for your Engineering Firm, we would love you 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.

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!