09 Mar How to Shop Workers Comp for California HVAC Companies
How to Shop Workers Comp for California HVAC Companies
Workers Comp for HVAC Companies in California is unique in that there is no established class code for HVAC employees. This can make it tricky when shopping for Workers Comp, but don’t worry! We are here to help you with your Workers Comp shopping.
How to Shop Workers Comp for California HVAC Companies – Why Shop?
Chances are you may already have a great Broker and are satisfied with your current carrier. So why shop your Workers Comp? Well, the Workers Comp market for California HVAC Companies is always changing. Your current carrier may very well have had the best rate last year but this year is likely different. The rates are always changing and the carrier guidelines are always changing. In fact, there may very well be companies available to you this year that weren’t even offering Workers Comp for HVAC Companies last year. This is why it is so important to check.
How to Shop Workers Comp for California HVAC Companies – Determining the Correct Class Code
Like we mentioned above, there is no class code specifically for HVAC Companies in California. With that said, your employees will typically fall under four different codes. These codes are 5183 (plumbing less than $26/hour), 5187 (plumbing equal to or more than $26/hour), 5538 (sheet metal less than $27/hour), and 5542 (sheet metal equal to or more than $27/hour). While this may seem complicated, you can basically break these down into two sections, plumbing and sheet metal. The plumbing class should be used for service, repair and maintenance work, while the sheet metal code should be used for new HVAC system installations.
How to Shop Workers Comp for California HVAC Companies – Loss Runs
When you are in fact ready to shop your policy, the first step you should take is obtaining loss runs from your prior carrier. If you don’t already know, loss runs are a loss history report generated by your current and prior carriers. It is very important to obtain loss runs, even if you have no prior losses.
This is because you can often obtain discounts and additional credits by providing clean loss runs when shopping for Workers Comp. The loss runs should be very easy to obtain, you just need to ask your broker or carrier for them.
If you would like to learn more about obtaining Workers Comp for your California HVAC Company, give us a call! You can reach us 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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