What Does Occupational Classification Mean?

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

Occupational Classification

Occupational Classification

In workers compensation, the assembling of like occupations together for classification and premium rating purposes. The rationale for the grouping is that certain occupations share common exposures and hazards.

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

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