Retail Insurance &
Workers Compensation
The greatest insurance plans for shops and retailers are ones we've created.
Workers Comp Coverage for Retail Businesses
For more than 15 years, we have assisted store owners in locating simple, cost-effective insurance. Our professionals are skilled at negotiating the best coverage prices and are aware of the underwriting specifications set forth by the insurance providers. To assist you obtain the best pricing and most flexible payment choices, we have created retail insurance plans.
We collaborate with top carriers who write coverage for our stores.
Pay As You Go
Boost cash flow and lower the chance of large audit costs.
Comparison Pricing
Obtain estimates from several insurance providers to guarantee the best deals.
Claims Management
To expedite the settlement of claims, our carriers employ skilled claim managers.
Our Top Store Insurance Companies
Workers Compensation Codes Related to Stores
Classification codes are used to organize employees according to their work functions and job requirements. Currently, insurance companies and brokers can use roughly 800 class codes provided by the National Council on Compensation Insurance (NCCI) to classify personnel for rating reasons. To start pricing a policy, insurance firms establish a base manual rate for each class code.
Sorting employees correctly is a crucial step in obtaining quotes. Small firms may lose thousands of dollars due to incorrectly classified workers. After an annual audit, you might find that you are overpaying for coverage or that your debt has increased.
Class Code 8017 | Retail Store
Insurance for retail stores is a fairly broad category of business. For the majority of retail establishments that offer a wide range of general products, it is the most widely used class code. All establishments that aren’t designated as specialty stores under another code fall under class 8017.
Office supply stores, gift and novelty shops, electronics, paint, rental agencies, shoes and clothes, sporting goods, liquor, tobacco, consignment and pawn shops, pet supplies, books and magazines, baked goods, medical supplies, and many other related inventory are examples of retail stores that usually fall under this category.
Class Code 8006 | Grocery Store
Generally speaking, perishables are sold in grocery stores rather than dry or durable commodities. Grocery stores may have different underwriting requirements and greater labor expenditures, even when the rates are comparable to those of retail establishments. Convenience stores, coffee and tea shops, retail food stores, and confectionery and candy stores are all included in class 8006.
Class Code 8010 | Hardware Store
Retail and wholesale establishments that offer hardware products, such as tools, nails, bolts, timber, and other related things, are covered by the hardware store class code. This group includes locksmiths, retailers of outdoor power equipment, and farm supply companies.
Class Code 8044 | Furniture Store
Retail and wholesale dealers that specialize in furniture sales are covered by this code. Items for sale include office furniture, lawn furniture, antiques, and home goods.
Class Code 8045 | Drug Store
Pharmacies and medication stores are specifically covered by class code 8045. It is acceptable to compound medications incidentally.
Class Code 8018 | Wholesale Distribution
Usually, wholesalers supply a range of goods to retailers rather than to end users. Products could include gadgets, office supplies, consumables, and appliances. Wholesalers fall under class code 8018 and are assessed differently.
Alternative State Class Codes for Stores:
States occasionally stray from the NCCI-recommended industrial class code. For some business segments, they might demand the use of a state-specific class code in place of the NCCI code.
| Class Code | State |
|---|---|
| 8017 | Liquor Store | California |
| 8062 | Appliance Store | California |
| 928 | Retail Store | Delaware / Pennsylvania |
| 7998 | Hardware Store | New York |
Numerous other categorization numbers, such Jewelry Repair-3383, Florists-8001, Bicycles-8010, and others, are also used to identify specialty establishments. Class codes can differ because various states frequently use distinct codes for different kinds of classification. To find out your classification code, contact one of our workers compensation specialists.
Related:pawn shop, thrift store, medical supply store, electronics, floor coverings, luggage, shoe repair, furniture, pet store, pharmacy, dispensary, smoke shop, novelty store, antique store, art gallery, bakery, ice cream parlor, battery store, gift shop, newsstand, office supplies, liquor store, souvenir stand, beauty supply store, electronics
Workers Compensation is a national Agency, licensed throughout the United States.
Improve Your Store's Insurance Coverage
A lot of small retail businesses are overpaying for insurance coverage because their agent does not have access to the lowest cost insurance companies. Other business owners are using installment plans based on estimated payroll that doesn’t adjust as payroll fluctuates. We help our customers find the best insurance rates for each unique state and type of business. Our Pay As You Go payment plans will improve your business cash flow. We work with new business owners and companies with higher EMR Ratings. We’ve been writing retail store insurance since 2005
Program Features
No Minimum Premium Requirements
Pay As You Go Work Comp – $0 Deposit
Guaranteed Cost and Deductible Options
National Nursing Home Expertise
More Markets for More Solutions . We shop renewals too
Commercial Package Insurance Options
What Does Workers' Comp Work?
Workers comp coverage protects employees when injured. It makes good financial sense for both parties.
Accidents and injuries occur. These mishaps and claims are covered by a no-fault scheme called workers compensation insurance. In most states, it’s mandated by law.
- Lost income for workers who can't perform job duties
- Medical expenses for injury or illness on the job
- Retraining expenses for employees unable to return
- Permanent injury or disability for lasting injuries
- Survivor benefits if employees are killed on the job
Coverage does not protect employers from everything. Sometimes employees and employers can be negligent.
Workers compensation insurance may not always shield employers or employees from lawsuits brought on by workplace accidents.
- Injuries resulting from a violation of the law
- Accidents resulting from using drugs or alcohol
- Injuries that did not occur in connection with the job
- Clear company policy violations
- Injuries that did not occur in connection with the job
Reduce the Cost of Your Store Insurance
Insurance for both expert and unskilled nursing care has been getting more expensive. The primary factor driving up costs is insurance for professional and general liability. In order to give our workers compensation clients more economical commercial insurance packages, we’ve teamed with our insurance providers. Find out more about our alternatives for convalescent care and assisted living package insurance:
- Workers Compensation and Employers Liability
- Store Liability Insurance
- Personal Property and Commercial Property
- Umbrella Liability and more
Not every class code or every line of insurance coverage will be offered in every state. For information on our general liability and workers’ compensation insurance programs, get in touch with one of our workers’ compensation specialists.
How Much Does Insurance for Stores Cost?
Under the retail class code, our customers typically pay an average of $1.54 for workers’ compensation for every $100 of payroll. A business owners’ policy (BOP) or general liability insurance typically costs $1,150.00 annually.
Workers' Comp Costs
- Work Comp is priced based on payroll
- Your state and EMR Rating will affect your cost
- The type facility can modify rates
- Premium discounts and policy credits may apply
General Liability Costs
- GL rates are based on sales (rated per $1000)
- Gross revenue may affect pricing
- The type of skills matters to underwriters
- Prior clams and years in business affect pricing
- SIC codes vary- 8051, 8052, 8059, 8361
Assisted Living Liability Costs
- Errors and Omissions rates depend on services provided
- Gross revenue may affect pricing
- Skilled versus unskilled workers matter to underwriters
- Prior clams and years in business affect pricing
How To Get Workers Comp
How Do I Get Started?
Here's what we need from you
- Business details, locations, FEIN or SSN
- Estimated annual payroll and job duties- class codes
- Claims info or loss history- if applicable
What Happens Next?
We go find for your best price
- Our software matches you with top-rated carriers
- Our agents apply and negotiate your lowest rates
- We present and recommend your best options
Real Agents, Fast Insurance Quotes
Compared to other insurance companies or organizations offering online workers compensation estimates, Workers Compensation is unique. We are authorities on ownership regulations, class codes, audits, and state legislation. The best workers’ compensation insurance quotes from reputable carriers are obtained through our quote procedure. Check it out for yourself. Give our professionals a call at or begin your online workers’ compensation quote request right now. You’ll be happy that you did.
Workers Compensation Info
- What is Workers Compensation?
- Workers Compensation Class Codes
- Experience Modification Rates
- How Much Does Workers Comp Cost?
- Workers Compensation by State
Workers Comp Programs
- Best Selling Workers Comp Programs
- Pay As You Go Insurance
- Self Monthly Workers Comp Reporting
- The Hartford Workers Compensation
- Multi-State Workers Comp Coverage
Employer Resources
- Workers Compensation Rates
- Rules for Workers Comp
- Frequently Asked Questions
- Find a Workers Comp Form
- Get Workers Compensation Quotes
Customer Service
- Certificate of Insurance
- Make a Payment
- Report a Claim
- Workers Compensation Insurance Audits
- Staff Directory
National Broker Services
- Insurance Agents
- Payroll Service Companies