Workers' Comp Coverage for Retail Businesses

We’ve been helping store owners find easy and affordable coverage for over 15 years. Our experts understand the underwriting requirements from the insurance companies and we know how to negotiate the lowest rates on coverage. That’s why we’ve developed retail insurance programs designed to help you get the best rates and most flexible payment options.

Pay as you go

Improve cashflow and reduce the potential for big audit bills.

Comparison Pricing

Get quotes from multiple insurance companies to ensure the lowest rates.

Claims Management

Our carriers have experienced claim managers to close claims quickly.

Workers' Compensation Codes Related to Stores

Employees are grouped into classification codes based on their job duties and work functions. The National Council on Compensation Insurance (NCCI) currently utilizes nearly 800 class codes to help insurance companies and agents categorize employees for rating purposes. Insurance companies set a base manual rate for each class code in order to begin pricing a policy.

Properly classifying workers is an important part of the quote process. Mis-classified employees can cost small businesses thousands of dollars. You could end up paying too much for coverage or owing more money after an annual audit.

Office Workers' Compensation

Class Code 8017
Retail Store

Retail store insurance is a very broad class of business. It is the most common class code for most retail stores that sell many different varieties 1of general merchandise. Class code 8017 applies to all stores that are not classified under another code as a specialty store.

Retail stores that typically fall under this classification include office supply stores, gift and novelty stores, electronics, paint, rental centers, shoes and clothing, sporting goods, liquor, tobacco, consignment and pawn shops, pet supplies, books and magazines, baked goods, medical supplies and many related inventory.

Class Code 8006
Grocery Store

Grocery stores typically sell perishable items as opposed to durable or dry goods. While the rates are similar to retail stores, grocery stores may involve higher labor costs and different underwriting considerations. Class code 8006 includes retail grocery stores, coffee and tea shops, confectionary and candy stores and convenient stores.

Class Code 8010
Hardware Store

The hardware store class code applies to both retail and wholesale stores that sell hardware goods such as tools, nails, bolts, lumber and other related items. Locksmiths, outdoor power equipment stores and farm supply stores also fall under this classification.

Class Code 8044
Furniture Store

This code refers to both retail and wholesale dealers who primarily sell furniture. Merchandise sold includes home furnishings, antiques, lawn furniture, office furniture, etc.

Class Code 8045
Drug Store

Class code 8045 is specific to pharmacies and drug stores. Incidental compounding of drugs is permitted.

Class Code 8018
Wholesale Distribution

Wholesalers typically provide a variety of good to retail operators rather than consumers. Items may include groceries, appliances, office supplies and electronics. Wholesalers are separately rated under class code 8018.

Alternative State Class Codes for Stores:

Sometimes a state will deviate from the industry class code recommended by NCCI. Instead of the NCCI code, they may require the utilization of a state specific class code for certain business segments.

There are numerous other classification codes used to define specialized stores such as Jewelry Repair-3383, Florists-8001, Bicycles- 8010, and more. Several states often utilize different codes for certain types of classification so class codes may vary. Call our workers comp Specialists for details about your classification code.


Synonyms: residential cleaning, housekeeping, maid service, house cleaners, cleaning company, janitorial service, floor waxing, window washing, mobile pressure washing, chimney cleaning, furnace cleaning, pest control, termite control, property preservation.


licensed throughout the United States

How Does Workers' Comp Work?

Workers' comp coverage protects employees when injured. It makes good financial sense for both parties.

Injuries and accidents happen. A workers’ comp policy is a no-fault system that pays for these accidents and claims. It’s required by law in most states.

Coverage does not protect employers from everything. Sometimes employees and employers can be negligent.

In some instances, workers’ compensation coverage will not protect employers or employees from the legal liability resulting from a workplace injury.

How Much Does Store Insurance Cost?

The average rate our customers pay for workers’ compensation under the retail class code is around $1.54 per $100 of payroll. The average cost for a general liability insurance or business owners (BOP) policy is about $1,150.00 per year.

  • Work Comp is priced based on payroll
  • Your state and EMR Rating will affect your cost
  • The type of good sold can modify rates
  • Premium discounts and policy credits may apply
  • GL rates for stores are based on sales (rated per $1000)
  • Gross revenue may affect pricing
  • The type of store matters to underwriters
  • Prior clams and years in business affect pricing

How do I get started?

Here's what we need from you

What Happens Next?

We go find for your best price

We've developed affordable insurance programs for Retail/Wholesale.