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Understanding Workers Comp Classification Codes: Avoid Overcharges!

Are you paying too much for workers compensation insurance? Understanding workers comp classification codes is crucial for ensuring accurate premiums and avoiding overcharges. In this video, I break down what classification codes are, how they’re used, and common mistakes business owners make. Stick around to the end, where I reveal the biggest mistakes that cost businesses thousands!

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🔍 What You’ll Learn in This Video:
✅ What are workers compensation classification codes?
✅ How are class codes assigned, and why do they vary by state?
✅ How do incorrect codes lead to higher premiums?
✅ How to find the correct class code for your business.
✅ The top mistakes business owners make with workers comp.

💡 Why This Matters:
With nearly 800 unique workers comp class codes, it’s easy to get lost in the complexity. Using the wrong code can mean overpaying on your insurance or facing costly audits. I’ll show you how to ensure your policy is classified correctly and save money in the process.

⚠️ Common Mistakes to Avoid:
❌ Buying workers comp online without understanding class codes.
❌ Assuming subcontractors have the right workers comp coverage.
❌ Accepting the wrong code suggested by an online portal.

📢 Need expert help? Let’s talk! Reach out today: https://thecoylegroup.com/contact

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