Quoting Best Practices for Workers Compensation

This guide outlines best practices for obtaining accurate quotes for workers compensation insurance. It emphasizes the importance of providing a correct Federal Employer Identification Number (FEIN) or Social Security Number (SSN) to ensure a valid quote. The document details the necessity of entering the correct effective date, as discrepancies can lead to inaccuracies in the quote. It also discusses the significance of reporting three years of loss history, especially for businesses with prior coverage. The guide specifies the need for accurate class codes, payroll, and employee counts, which are critical indicators of the business's size. Additionally, it highlights the requirement for a written safety program in certain contracting and manufacturing scenarios. The document further addresses the need for disclosure of out-of-state exposures and advises against duplicate entries to streamline the quoting process. Overall, the guide serves as a comprehensive resource for ensuring a quicker and more accurate quoting experience.