Boca Raton, FL – As part of its core services, NCCI conducts classification inspections in all NCCI states through its Classification Inspection Program (Program).
The intent of the Program is to monitor the accurate and consistent application of the classification system to maintain its overall integrity.
One key component of the Program is to conduct inspections of a policyholder’s operations to determine whether the governing classification code or other classification code(s) identified on the policy reflect the current business operations.
NCCI has recently released a new Insights report based on an analysis using data obtained from the Program between 2020 and 2022, and sharing its cumulative findings to provide information about emerging trends identified within its Program.
The report also focuses on the top five reclassified codes and the reasons why NCCI is commonly reclassifying them.
Top Reclassified Codes examined in the report include:
- Clerical Office Employees NOC (not otherwise classified)
- Salespersons or Collectors – Outside
- Store-Grocery-Retail
- Landscape Gardening and Drivers
- Machine Shop NOC
Read the free report: NCCI: Top Reclassified Codes in 2022
Source: NCCI