Classification Codes Are Changing

The Workers Comp Classification Code system has undergone a large number of changes recently. I have received notifications from the NCCI and State Rating Bureaus of wholesale changes to various Class Codes. The NCCI and State Rating Bureaus have been changing the Class Codes over the last eight years.

Does this mean that you could be paying more premiums due to the Classification Code changes? Any changes to the codes have usually been to reduce the number or to combine codes by creating new Class Codes.

I will try to cover some of the changes over the next week, if possible.