Best Price Workers Comp for Picture Framing Shops

Best Price Workers Comp for Picture Framing Shops

Picture Framing Shops, like most businesses with employees, have the expensive burden of Workers Comp to protect their employees. Workers Comp is a very important coverage, but it does not have to be such a costly expense. In this blog, we will outline some of the things you can do to assure you are getting the best price on your Picture Framing Shop’s Workers Comp.

Best Price Workers Comp for Picture Framing Shops – Employee Classifications

Properly classifying your employees can make an incredible different in the price of your Workers Comp. This is because different class codes can have substantially different rates associated with them. The classifications of your employees can vary depending on the type of operations and employee duties you have. For example, a retail Picture Framing Shop may have employees classified under the retail store class code. Alternatively, a wholesale operation may have employees listed under the wholesale or warehouse class code. Lastly, if you have dedicated clerical and/or outside sales employees, these employees may be eligible for separate classifications.

Best Price Workers Comp for Picture Framing Shops – Bundling Your Policies

Most Picture Framing Shops are in a good position to bundle their Workers Comp and General Liability because there are several preferred carriers that will write both of these coverages. In many cases you can obtain a sizeable discount on your General Liability by carrying a Workers Comp policy. This may not directly affect the Workers Comp premium, but it will help with your bottom line. Also, if you have any mobile services that require a Commercial Auto policy, you may be eligible for additional discounts and/or credits.

Best Price Workers Comp for Picture Framing Shops – Lapses In Coverage

Many business owners or managers don’t realize that lapses in coverage can adversely affect your Workers Comp pricing substantially. Most Workers Comp carriers want to see your business carry continuous coverage without lapses. When purchasing Workers Comp, we often recommend paying for the policy in full or getting enrolled in a direct-draft EFT payment plan. This will avoid cancellation due to non-pay and assure your policy stays in-force. By doing so, you can often obtain a discount for having a proven, consistent Workers Comp history.

If you would like to learn more about getting the Best Price Workers Comp for your Picture Framing Shop, we are here 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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