Here are some guidelines to help you choose how much PWC insurance coverage to buy: 1  Consider buying the maximum liability coverage, for example $500,000.  Get the highest amount of medical payments coverage, typically $10,000.
Governing Class Code-Workers Comp Term. The governing class code is the employers code that generates the most payroll. It is used to determine the type of business the insured is in. Miscellaneous employees will be coded under the governing class code as well. Article provided by James J Moore, AIC, MBA, ChFC, ARM. All articles are original content.
Various workersâ compensation entities include the Part/Nature/Cause codes as part of their reporting standard. The Part/Nature/Cause codes are used to identify the part of body, nature of injury, and cause of loss when reporting workersâ compensation injuries. This listing has been developed by the WCIO to serve as the official reference for the industry. It is a comprehensive list encompassing all numeric codes in use in any state.