Insurance term
Workers' Comp Class Code
A Workers' Comp class code is a number assigned to a job or business activity to help an insurer group similar types of work for workers' compensation pricing. The code reflects the level of risk associated with the job duties, so an office worker and a roofer would usually be placed in different class codes.
Example
A contractor who hires both carpenters and office staff may have different workers' comp class codes for each group because their job duties carry different levels of risk.
Related coverage
Workers Compensation
Mandatory coverage for workplace injuries and occupational illness.
Related terms
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