Manually Adding Master Comp Codes

You can add Master Codes in two ways:

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One at a time manually from Admin Workspace > Risk > Comp Code Master > Add.

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Or, you can import the codes using the Import configuration under System Admin > Imports > Manage Import. For assistance configuring and running this report, please log a Case in the Extranet.

When all of your Master Codes are in place, you can begin adding Policy Comp Codes or you can import policy comp code rates to your existing Workers' Compensation Policies.

Workers’ Compensation Class Codes or Comp Codes denote the risk associated with an employment type and a dollar value to that risk from a pricing perspective. In most states, the classification system is devised and maintained by NCCI, the National Council on Compensation Insurance. NCCI is an independent advisory organization primarily funded by the insurance companies that utilize their statistical data for rating. NCCI develops and provides data for setting manual rates (by state) for workers’ compensation pricing and assigning an employer’s annual experience modification rate based on a ratio of claims frequency and cost of premium paid.

A basic classification code denotes a particular type of job duty within a business. Therefore, according to specific criteria, a class code is the systematic arranging of properties, persons, or business operations into groups or categories. This arrangement is the basis for determining rates and avoiding unfair discrimination by insurance companies. A Scopes class code is the identifying number for each occupational classification. It’s a three- or four-digit numeric code assigned to a specific occupation. The code is based on the nature of the work for the employer and employee. It is common for most employers to have two or more class codes on their policy. For example, class code 8810 is for a clerical exposure, and class code 5645 is for a general residential construction exposure. A contractor might have laborers working under class code 5645 and an office person rated under the clerical code 8810. Generally, the higher the risk associated with the code, the more expensive the rate.

To add master comp codes manually:

1. Click your username in the top right corner of the ClientSpace window. EX: developer

2. Click System Admin.

   

   The System Administration dashboard opens.

3. Scroll down to the Administrative Data section, search for "comp code", and select Comp Code Master.

   

   The Comp Code Master dashboard opens.

4. To add a comp code, click Add.

   

   The Comp Code Master: Add form opens.

5. Complete the form:

Comp Code	The Work Comp Code you are adding or editing.
Code Title	The descriptive title.

6. Click Save.