...'cause they can get hurt
Searching for workers compensation for wholesalers and retailers? With our policy, you can feel more comfortable and confident about risk management and coverage for injured employees.
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.
0360 - Third Party Logistics / 3PL
7360 - Freight Forwarding & Handling
8001 - Store: Florist & Drivers
8002 - Automobile & Car Rental Company
8006 - Self-Service Gasoline Station With Convenience/Grocery Shop
8008 - Store: Clothing, Apparel or Dry Goods
8010 - Store: Hardware
8013 - Store: Jewelry, Hearing Aids, Eye Glasses
8015 - Quick Printing-Copying or Duplicating Service
8017 - Retail Store
8018 - Wholesale Store
8018 - eCommerce & Mail Order
8033 - Supermarket / Grocery
8037 - Superstores And Warehouse Clubs
8039 - Department Store - Retail
8044 - Store: Furniture
8045 - Pharmacy
8293 - Warehouse - Furniture Moving & Storage
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.
We sell retail through e-commerce websites and operate out of a warehouse setting without a brick and mortar storefront. How should we classify our business?
Due to the operations primarily occurring in a warehouse setting the applicable class code would be 8018 Wholesale and not 8017 Retail.
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