Retailers Workers’ Compensation

The retail industry is one the most dynamic and changing industries due to technologies growth and impact on this sector. Just like the everchanging industry the workers’ compensation markets for retailers are constantly changing.  We’ve seen this happen time and time again where competitive carriers in this industry fluctuate so often it’s like a game of musical chairs and unfortunately businesses which do not actively pursue better pricing are the ones paying the most.

The massiveness of the retail industry can often lead businesses to go to markets for workers’ compensation that might not specialize in writing their specific risk which correlates to businesses paying larger premiums than necessary. Having access to large wholesale brokers which in turn have access to over a dozen markets helps us as an agency get a grip on the retail workers’ compensation market as a whole. We have the opportunity to help our clients and prospective clients cover a wide variety of markets and outlets in order to find savings for our clients.

Retail Safety Group

One of the most impactful ways we help our retail clients is by trying to fit them into The Retail Group of New York. A safety group is designed to give some of the lowest cost pricing for a standard program in New York State. If you are a retailer with a low claims history and have any of the class codes that match below this will be a very viable solution to reduce the cost of your workers’ compensation policy.

The Retail Group of New York Workers’ Compensation Safety Group #544:

  • 2003 Bakeries
  • 7998 Hardware Store
  • 8001 Florist Store
  • 8006 Food/ Fruit/ Deli/ Grocery 
  • 8008 Clothing/ Shoe/ Dry Goods
  • 8013 Jewelry Store
  • 8016 Quick Printing 
  • 8017 Retail (Not Classified)
  • 8025 Bicycle Stores
  • 8031 Meat/ Fish/ Poultry Store
  • 8032 Self-Serve Station with Convenience Store
  • 8033 Supermarkets
  • 8039 Department Store
  • 8043 Retail (Including Food)
  • 8044 Furniture Store
  • 8046 Auto Accessories
  • 8050 Book/ Music Store 
  • 8069 Cellular Telephone Store 
  • 8072 Book/ Record/ CD Audio 
  • 8105 Leather Store
  • 9521 Furnishing Installation with Retail Store 

 

Get a Quote