What does workers' compensation insurance cover?
Workers’ compensation insurance helps provide medical, rehabilitation, and disability benefits for retail employees who become injured as a direct result of their job. Workers’ comp may also pay death benefits to an employee’s dependents if the retail worker is killed in a work-related incident.
In addition to helping retail staff employees and their families, workers’ compensation insurance can also help protect retail business owners. Workers’ compensation helps protect retailers from liability for employees’ workplace injuries, and it helps keep employers from having to pay directly out of pocket for those injuries. This coverage may reduce the risk of a significant financial loss if a retail employee is harmed while performing work duties.
Depending on the laws in your state, to be considered compensable and therefore eligible for workers’ compensation, retail injuries must:
have happened to a retail staff employee (not a vendor or independent contractor),
be the result of a retail workplace injury or illness during employment, and
cause impairment and/or lost wages.
What are relevant types of class codes?
When you’re ready to start your 3-minute quote, you’ll need to know your retail business’s class code.
A class code is assigned by the National Council of Compensation Insurance (NCCI) or by state agencies—and is created based on the activities and risk level the work requires.
There are many different workers’ comp class codes within the retail industry. Below are a few of the most common class codes in the industry.
8017 – Retail NOC
8010 – Store sales personnel, cashiers, counter personnel, stockers, store managers, packaging personnel, paint color mixers, and employees engaged in repairing or maintaining rental equipment
8033 – Food preparation employees such as bakers, butchers, salad preparers, etc., stockers, baggers, cashiers, service desk personnel, warehouse personnel, store managers, employees engaged in the maintenance or repair of store equipment, etc…
8008 – Sales personnel, cashiers, stockers, warehouse personnel, store managers, etc…
8046 – Automobile parts and accessories