Massachusetts Construction Classification Premium Adjustment Program
For eligible employers in the construction industry, the Construction Classification Premium Adjustment Program provides up to a 25% credit to standard Workers’ Compensation premiums.
Calculate What The Program Could Save You
Find your Q3 Workers’ Comp quarterly statement. Then, enter the following information into the Knight-Dik construction credit calculator:
– Total dollar amount of regular pay for Q3 (not including overtime pay)
– Total number of Q3 hours worked by employees (not including overtime hours)
– Your company’s SIC classification code
If your business is classified under any of the 67 types of construction class codes listed for Massachusetts and is eligible for an experience rating, the Premium Adjustment Program is open to you.
*This calculator is for informational purposes only and does not guarantee any premium savings.
Are You Paying Too Much For Workers’ Comp?
There’s An Easy Way To Find Out.
Using the calculator above, you can quickly see your potential savings over your CURRENT Workers’ Comp premium. Note that this does not include any further savings you could potentially receive based on other factors besides those that apply to the Construction Classification Premium Adjustment Program.
Stop Overpaying for Workers’ Comp Today
Want to learn more about how your company can begin saving money on its Workers’ Comp insurance premiums? I encourage you to give me a call at 508-735-9306. That’s my direct line.
You will find that Knight-Dik has a great deal of experience working with construction-related business owners with difficult insurance exposures. I would be happy to go over your company’s situation with an eye towards lowering your premiums.
One thing I won’t do is waste your time. That doesn’t help either one of us.