Insurers and agents are responsible for correctly allocating Industry Classifications for each policy. It is critical to ensure that they understand your business and the many functions operating within it routinely. It is not uncommon for incorrect classifications to be applied.
WCD will learn the range of activities, products and services in your business, and will review this information against each classification. WCD will also negotiate changes with your Insurer or Agent to ensure a correct classification.
A correct classification may result in financial savings as part of the premium calculation.