Workers Comp for Janitorial Companies

Workers Comp for Janitorial Companies

Whether you are just starting or already have an established business, if you have employees, you are required to carry Workers Comp. There are many carriers and options available for Janitorial Companies, depending on a few factors. We will explain the basics to get you set up with Workers Comp for your Janitorial Company.

Workers Comp for Janitorial Companies – Proper Classifications

Properly classifying your employees is a critical part of purchasing your Workers Comp policy as class codes can substantially affect pricing and eligibility. There are several classifications that may apply to your Janitorial Company, depending on operations. Commercial Janitorial companies often use class code 9008, whereas Residential Janitorial companies use 9096. Any Clerical employees should be classified as 8810, which is a much lower rated class.

Workers Comp for Janitorial Companies – Continuous Coverage

Continuous coverage is absolutely imperative to keeping Workers Comp rates low. There are many carriers that only work with companies that have 3+ years continuous prior coverage. Alternatively, there are many carriers that will offer credits or additional discounts to companies that have maintained continuous coverage. When purchasing Workers Comp, try to get on automated electronic fund transfers to avoid cancellation for non-payment.

Workers Comp for Janitorial Companies – Shopping Your Policy

Shopping your Workers Comp policy is an important way to save money on business expenses. There are many carriers available and their rates change often. With that said, it is important to shop your Workers Comp every year to assure you are getting the best rates possible. When shopping for Workers Comp, make sure you are working with a broker that really understands your Workers Comp needs. Take the time to work with the broker in correctly classifying your employees to assure the rates are accurate. Also, work with your broker to obtain loss runs, which are a loss history report that some preferred carriers require to quote.

If you would like to learn more about shopping your 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!