Term Of The Day – Standard Exceptions
The Standard Exceptions in a Workers Comp policy reduce premium payouts for the safer workers at a give employer. Employees that are not classified under the governing classification code. Almost all business have standard exception employees. Clerical (Class Code 8810) and Drivers (Class Code 8742) are the most common Standard Exception codes. The Standard Exception Codes are usually considered low risk employees for Workers Compensation as their Loss Cost Advisory rates are very low when compared to the insured’s governing classification code.