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CCPAP provides premium credits as a specific discount to employers who pay higher than average wages to employees classified within contracting class codes. The CCPAP discount is the percentage decrease that carriers issue to insureds who hold policies that contain contracting classification codes. This discount is calculated based on the hourly rate of employees who are covered by these codes.
CCPAP Production Service is similar to NCCI’s Experience Rating program. NCCI gathers the data, reviews for data integrity, calculates the discount, and distributes the factor to the insurer.
Highlights
State-approved program designed to vary an employer’s workers compensation premium using a premium credit based on the employer’s average wage level
Eliminates redundant credit when up-front credit is given to an experience rated insured as a result of “high payrolls”
Pricing
Production Service Application Fee
CCPAP Factor via
Riskworkstation™
APIs
API Content
Preview
Snapshot of Product
Demo
Video Snippet
