Workers' comp class code · Professional
Class code 8810-5 — Financial Advisory Office
Investment and financial planning advice delivered from an office setting.
This classification covers financial advisors, planners, and support staff who provide investment and financial planning guidance from an office setting. It includes advisors who meet with clients to review portfolios, retirement plans, and insurance needs, along with the administrative team that processes paperwork and manages client accounts.
The work is almost entirely consultative: reviewing account performance, preparing financial plans, and meeting with clients either in the office or occasionally at the client's home or business. There's no physical handling of goods or equipment involved, which keeps this classification firmly in the professional-office category alongside accounting and legal work.
Exposures are limited to typical office conditions — screen-related strain, slips around the office, and light travel risk for advisors who occasionally meet clients off-site. Firms should track any staff who travel extensively for client meetings separately if that becomes a significant part of the role, but for most advisory practices this remains a low-hazard, desk-centered classification.
What code 8810-5 typically includes
- Financial advisors and wealth managers
- Retirement and investment planning staff
- Client service associates and paraplanners
- Compliance and administrative support staff
- Office managers and receptionists at the advisory firm
Codes this one gets confused with
8810-3 — Insurance Agency Office
Insurance agency staff and financial advisors share a similar low-hazard office profile but serve different licensing and product categories.
See code 8810-38742 — Outside Sales Personnel
Advisors who spend most of their time traveling to prospect for new clients may look more like a traditional outside sales role.
See code 8742What this code means for your premium
Financial advisory work is rated favorably as low-hazard office work, similar to accounting and legal office classifications.
Estimate your premiumClassification is not final until a carrier assigns it. Code numbers, wording and exceptions vary by state and rating bureau — several states run their own bureaus. This page is general reference written in our own words; your carrier's underwriter assigns the code based on your actual operations and payroll records.
Questions about code 8810-5
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