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What is the contracting classification premium adjustment program Ccpap?

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.

What does CCPAP stand for?

The Contracting Classification Premium Adjustment Program (CCPAP) is a discount program that can reduce the amount that an employer pays in workers compensation premiums.

What is the contracting classification premium adjustment program in CT?

The CCPAP was developed to provide a premium credit for employers in the contracting and construction industry who pay their employees higher than average wages. The CCPAP discount is calculated using the hourly rate of employees who are classified within the construction industrys contracting class codes.

What is the New York Construction Classification Premium Adjustment Program?

Construction Classification Premium Adjustment Program (CPAP) This program addresses premium differences between high-wage- and low-wage-paying employers in the construction industry.