Reducing the cost of business is of crucial concern to all contractors. Insurance premium charges for Worker's Compensation and General Liability represent an overhead expense that hasn't been given sufficient consideration as a possible area for cost cutting. With a specialized analysis of costs for the items included in a policy, contractors can often recover sizeable premium overcharges they have unknowingly paid in the past.

ARE THE CODES ASSIGNED TO YOUR WORKERS' JOBS ACCURATE?

What seems to be a very simple system of assigning insurance costs for different types of jobs on a construction site is in fact a jungle of complicated rules and classifications. A contractor won't know if he is eligible for a lower rate unless he obtains a specialist's analysis of his premium charges or gets a copy of a job classification and rate manual--and learns how to interpret the data.