Industry Code: 54300
The major activity in this industry is the production and broadcasting of shows for listening or viewing on TVs or radios.
Operation Details:
The operation of a radio or TV station requires management, sales, producers and broadcasters. Sales people sell advertising time to finance the shows and market shows that have been produced. Typically, special skills are required in various aspects of the business such as copywriters, technicians, sound crews, camera crews, show hosts, etc.
In both radio and TV, operations can include mobile production units as well as studio facilities.
Underwriting Considerations:
Closed circuit and cable TV operations are classified in Industry 54301 - Closed Circuit TV/Cablevision.
Industry Custom Pricing: Waiving Cost Relief Option and Modified Experience Rating
This industry has chosen to participate in Industry Custom Pricing. Effective January 1, 2010, employers in this industry participate in the Waiving Cost Relief option and effective January 1, 2017, employers are also participating in the Modified Experience Rating option.
Under the Waiving Cost Relief option, costs related to the aggravation of a pre-existing condition will not be removed from the experience record of employers classified in this industry. In return, the portion of premiums collected to fund retroactive cost relief has been removed from the industry rate, resulting in a reduction in WCB premium rates for the industry.
With Modified Experience Rating option, the following experience rating features will be used in determining the premium rate for employers in the Large Employer Experience Rating Plan:
- Maximum discount or surcharge of 60%
- Participation rate of 1% for every $2000 in premiums
- Maximum participation of 100%
- Maximum experience used of 100%
Premium Rate History:
Activities:
Television Stations
Radio Stations
Rate Group History:
This rate group has not been subject to any major restructuring since classification changes began in 1990.
The major activity in this industry is the production and broadcasting of shows for listening or viewing on TVs or radios.
Premium Rate History:
Activities:
Television Stations
Radio Stations
Operation Details:
The operation of a radio or TV station requires management, sales, producers and broadcasters. Sales people sell advertising time to finance the shows and market shows that have been produced. Typically, special skills are required in various aspects of the business such as copywriters, technicians, sound crews, camera crews, show hosts, etc.
In both radio and TV, operations can include mobile production units as well as studio facilities.
Underwriting Considerations:
Closed circuit and cable TV operations are classified in Industry 54301 - Closed Circuit TV/Cablevision.
Industry Custom Pricing: Waiving Cost Relief Option and Modified Experience Rating
This industry has chosen to participate in Industry Custom Pricing. Effective January 1, 2010, employers in this industry participate in the Waiving Cost Relief option and effective January 1, 2017, employers are also participating in the Modified Experience Rating option.
Under the Waiving Cost Relief option, costs related to the aggravation of a pre-existing condition will not be removed from the experience record of employers classified in this industry. In return, the portion of premiums collected to fund retroactive cost relief has been removed from the industry rate, resulting in a reduction in WCB premium rates for the industry.
With Modified Experience Rating option, the following experience rating features will be used in determining the premium rate for employers in the Large Employer Experience Rating Plan:
- Maximum discount or surcharge of 60%
- Participation rate of 1% for every $2000 in premiums
- Maximum participation of 100%
- Maximum experience used of 100%
Rate Group History:
This rate group has not been subject to any major restructuring since classification changes began in 1990.