15 Apr Low Price Workers Comp for California Smoothie Shops
Low Price Workers Comp for California Smoothie Shops
In California, Workers Comp is required if you have any employees, regardless if they work part-time or full-time. With that said, you don’t have to pay an arm and a leg for this required coverage. We will explain some of the things you can do to assure you are getting a low price on your California Smoothie Shop’s Workers Comp Policy.
Low Price Workers Comp for California Smoothie Shops – Shopping Your Policy
Shopping your Workers Comp policy annually is one of the most effective ways of ensuring you are getting the lowest price possible for your Workers Comp policy. This is an important step because the rates and guidelines for each carrier vary significantly from year-to-year. The carrier that had the best rates last year very well may be the least competitive this year. With that said, always check with your Agent/Broker to make sure they are shopping your policy annually.
Low Price Workers Comp for California Smoothie Shops – Classifying Employees
Like with any business, classification of your employees plays a significant role in determining the price of your Workers Comp. Smoothie Shop employees generally fall under the 8078, beverage preparation shop class code, however, there may be other applicable class codes. However, depending on the size and scope of your operations, you may have employees eligible for the 9910 or 9742 class codes, which are for clerical and outside sales respectively. The rates for these different class codes can make a big difference in your Workers Comp price, so make sure you take advantage of these class codes when applicable.
Low Price Workers Comp for California Smoothie Shops – Lapses in Coverage
Minimizing lapses in coverage and the size/scope of claims can go a long way in helping you get the lowest price Workers Comp for your Smoothie Shop. When purchasing Workers Comp you should consider paying in full or signing up for an automatic EFT payment schedule. This will minimize any chances of lapses, as you will not miss payments and cancel for non-payment. Additionally, when shopping for Workers Comp, make sure you take the time to request loss runs from your current and prior carriers. Doing so will show the carrier your dates of coverage and it may allow the carrier to issue a discount for having a good prior history.
If you would like to learn more about obtaining Low Price Workers Comp for your California Smoothie 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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