...'cause they can get hurt
Although wondrous, electricity can sometimes be dangerous. Electricians work with live wires and sharp tools. They climb ladders and crawl through hazardous conditions to get the job done. While most electricians are safety conscious and do their best to protect themselves, accidents do happen.
Workers' comp insurance covers both the employer and the injured worker. Like all types of insurance, it acts as a safety net in case of an accident.
If a worker gets hurt on the job, the insurance company will help cover the costs associated with their care so the worker is well taken care of until they return to work.
Since the company had a workers comp policy, they do not need to pay anything towards the bills.
The National Council of Compensation Insurance (NCCI) sets a fixed rate for every industry.
The rate is based on the level of risk for that job description.
Premiums are primarily calculated by using your payroll numbers and your NCCI class code.
5190 - Electrician /electrical contractor
5190 – Installation of electrical wiring systems within buildings
5190 - Low voltage electrical work
7605 - Burglar And Fire Alarm Installation
9516 - Home Theater Equipment - Installation, Service or Repair
Don't see your business classification?
We're here to help. Call or text 866-338-8823.
Classify your workers correctly
For example - Employees who do clerical work have a different code (8810). Lumping them together with manual labors will increase your premium.
Don't underestimate your payroll
You will be expected to pay the difference at the end of the policy.
Have a clear process to report claims
...and make sure your employees know about it. This will make the entire experience easier for all involved.
Report every incident
- even if it didn't result in a large injury. Some things which seem insignificant can snowball into costly issues.
Prepare for your audit
Every policy is audited at the end of 12 months. Keep your payroll records and files neat so you don't have issues later!
How quickly can I get my certificate of insurance?
Certificates are usually issued 24 hours after the policy is bound.
Let us know if you need it quicker and we will rush it.
I am an electrician by trade that performs solar panel installation on roofs. How should I classify my business?
Although the work being performed may be electrical work, the business should be classified under the Roofing class code 5551 and not the Electrical class code 5190.
Unlike other online insta-quote systems,
here your quote is reviewed by experts