30 Mar Low Cost Workers Comp for Home Theatre Installation Companies
Low Cost Workers Comp for Home Theatre Installation Companies
Home Theatre Installation Companies often have employees that should be covered by Workers Comp. There are different class codes, carriers, and options available to those shopping Workers Comp, and it is important to know which to use. We will explain these items in greater detail to make sure you understand how to properly obtain low cost Workers Comp for your Home Theatre Installation Company.
Low Cost Workers Comp for Home Theatre Installation Companies – Classifications
Home Theatre Installation Companies are unique in that there are multiple class codes that may apply to your employees depending on their duties. For employees primarily involved with audio and sound system installation, you can often use the 7605(3) class code. Alternately, for employees primarily involved with the television and video installation, you will often times use the 9516(1) class code. There are often other classes that can be utilized as well depending on employee operations. For example, if you have employees that are strictly clerical or outside sales employees, they can often times be separately classified, which can bring your premium down substantially.
Low Cost Workers Comp for Home Theatre Installation Companies – Safety Procedures
Many business owners don’t realize this, but implementing safety procedures can make a big difference in helping you obtain low cost Workers Comp. Home Theatre Installation Companies should pay especially close attention to this, as there are several ways to benefit by implementing a formal safety program. First off, by implementing a formal safety program, you can limit the frequency and size of Workers Comp claims. Limiting claim frequency and size is an important part of obtaining low cost Workers Comp, as many carriers offer discounts and/or credits to companies with limited or no losses.
Low Cost Workers Comp for Home Theatre Installation Companies – Shopping Workers Comp
Shopping your Workers Comp is another great way to assure you are getting low cost Workers Comp. Carriers rates and guidelines are always changing, and this is especially true for Home Theatre Installation class codes. When shopping for Workers Comp, make sure you have taken the time to properly classify your employees, as stated above. You can help your Agent/Broker by obtaining Loss Runs from your prior carrier, as this will help them with the shopping process. Loss Runs are a loss history report that show your coverage dates along with information regarding prior losses. Even if you have no losses, you should obtain Loss Runs if you are shopping your Workers Comp.
We have worked with many Home Theatre Installation Companies and would love to help you. 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.
No Comments