16 Mar Low Cost Workers Comp for California Dry Cleaners
Low Cost Workers Comp for California Dry Cleaners
While obtaining Workers Comp for Dry Cleaners in California is relatively easy, the cost associated with this coverage can vary quite a bit. There are several things you can do to get a better price on your Dry Cleaner’s Workers Comp and we will break it down for you.
Low Cost Workers Comp for California Dry Cleaners – Proper Classifications
Like with many businesses, properly classifying your employees can make a huge difference in your bottom line. Depending on your operations, there may be several different class codes that apply to your employees. Retail and commercial laundry operation employees are both typically classified as 2589, however they may also fall into the 2585 class code, which may affect carrier eligibility and pricing. Alternatively, if you have employees that work strictly in a clerical capacity, you may be able to get them separately classified as 8810, clerical. Remember, determining the correct class code often plays a large role in determining your premium.
Low Cost Workers Comp for California Dry Cleaners – Shopping Your Workers Comp
The rates for Dry Cleaners’ Workers Comp vary from carrier-to-carrier, and from year-to-year. For this reason, it is important to shop your policy annually to assure you are getting the best rate possible. If you have a good Insurance Agent/Broker, they should be shopping your policy on your behalf each and every renewal. When shopping for Workers Comp, you should always obtain Loss Runs from your prior carrier(s), as this information can help your Agent/Broker obtain discounts and/or quotes that otherwise would have been declined.
Low Cost Workers Comp for California Dry Cleaners – Obtaining Additional Discounts
Depending on the size and scope of your Dry Cleaning operations, you can often obtain discounts and credits from your Workers Comp carrier for a wide variety of reasons. For one, you can often obtain discounts by implementing a formal safety program and/or a return to light duty plan. In many cases you can also obtain discounts for maintaining continuous coverage without lapses or “gaps” in coverage. As mentioned above, obtaining your prior carrier(s) loss runs can help with obtaining discounts because it will show the dates of coverage as well as any claims activity.
If you would like to learn more about obtaining Low Cost Workers Comp for your California Dry Cleaner, 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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