What Does Governing Classification Mean?

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What does Governing Classification mean? Read on to discover the definition & meaning of the term Governing Classification - to help you better understand the language used in insurance policies.

Governing Classification

Governing Classification

In workers compensation insurance, the classification (other than a standard exception) that best describes the workers compensation exposure of an employer's business, as determined by majority of payroll.

We hope the you have a better understanding of the meaning of Governing Classification.

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