Best Price Workers Comp for Web Development Companies

Best Price Workers Comp for Web Development Companies

Web Development Companies tend to have some of the lowest Workers Comp rates in the market. However, that doesn’t mean there isn’t room for improvement. We are going to over what you can do make sure you get the Best Price for your Web Development Company’s Workers Comp.

Best Price Workers Comp for Web Development Companies – Proper Classifications

Proper Classifications go a long way in determining your final Workers Comp premium. Sometimes the mistake is made of classifying your developers as 8810, clerical employees. While the clerical class code does have great rates, the rate is still typically higher than the correct class code, 8859. The 8859 class code is typically the one you want to use for your programmers. Not only is this the correct code, but the rate associated with this code is often much lower than the clerical class
code. In fact, you can often use this code for your clerical employees as well.

Best Price Workers Comp for Web Development Companies – Minimum Premiums

This tip is for the smaller Web Development Companies. Since the 8859 class code rate is so low, chances are you may fall under the Workers Comp carrier’s minimum premium. In case you don’t already know, the minimum premium is the minimum amount that the Workers Comp carrier will charge for the policy. Every carrier has a different minimum premium, so it is important to remember that the rate is not everything. You may be able to find a carrier with a higher rate, but a lower minimum premium. In the end, this will cost you less for your Workers Comp.

Best Price Workers Comp for Web Development Companies – Obtaining Discounts & Credits

There are many discounts and credits you can obtain on your Workers Comp, depending on your operations. By carrying Workers Comp with the same carrier as your General Liability, you will likely receive a discount on at least one of the policies. You can also obtain discounts for having a clean loss history, maintaining continuous coverage, and implementing a formal safety program. You may not know how to obtain these discounts and that is ok. Just ask your current agent or broker if you are eligible, and ask them for assistance. If they are good at their job, they should be able to help you with this.

If you would like to discuss your Web Development Company’s Workers Comp, 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!

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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!

I am text block.

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!