one of my biggest commercial accounts has just told me I have to have workers comp by friday or I lose my accounts. They have never needed it before and now all of a sudden by friday. I have never had to carry it before,im a owner/operator. my question is how much per hundred dollars do other contractors pay. my insurance agent gave me a quote of 11000$ dollars based on 35400$ minimum per year.
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workers comp
- Thread starter Greg/sd
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Dave Olson
New Member
Each state determines the requirements of Libility coverage for Workers Compensation. The amount that you pay for that coverage is determined on how your business is classified. Higher the risk of injury the higher cost and so forth. Injury history also plays a role in determining your cost for the coverage.
Here in Illinois we are classified as a Commercial Cleaning Contractor and pay $21.49 per $1,000 of payroll.
Statutory Limits of Liability are:
$100,000 Each Accident
$100,000 Disease - Each Emplyee
$500,000 Disease - Policy Limit
Dave Olson
Here in Illinois we are classified as a Commercial Cleaning Contractor and pay $21.49 per $1,000 of payroll.
Statutory Limits of Liability are:
$100,000 Each Accident
$100,000 Disease - Each Emplyee
$500,000 Disease - Policy Limit
Dave Olson
Scott Stone
New Member
Welcome to the wonderful world of workmens comp. My rates are about the same as David's. What really bites is that I have to pay workemsn comp on myself, but, I am not eligible for the pitiful benefit that Arizona gives.
David Saulque
<b>PWN TEAM - Hood Moderator</b><br<b><font color=
I wish that I had those rates. My rate in California is $13.20 per $100 of payroll and that is after shopping with all the discounts. My full rate is $17
David
David
Mirage Cleaners
New Member
How do they determine your actual payroll? Do you have to submit copies of your payroll checks to comp?
Do you need to give comp your employee's name, social security #'s, their pay rate, etc. or is your company just holding the comp for everyone? I'm wondering how they actually monitor everything since a lot of company's have help coming and going constantly.
Do you need to give comp your employee's name, social security #'s, their pay rate, etc. or is your company just holding the comp for everyone? I'm wondering how they actually monitor everything since a lot of company's have help coming and going constantly.
David Saulque
<b>PWN TEAM - Hood Moderator</b><br<b><font color=
In California, workers comp. companies have the power to audit our records once per year. The audit is for payroll only. I have a accountant and they make a day of it. Thus all records are open to my insurance company.
David
David
Dave Olson
New Member
Our insurance company has someone audit our payroll every year. Sometime them come in other times we fax the information to them.
They want total numbers. We can give it to them by employee if the want. We also give them copys of our quarterly 941 report to the IRS. Does not really take that long to get the numbers from Quickbooks.
Dave Olson
They want total numbers. We can give it to them by employee if the want. We also give them copys of our quarterly 941 report to the IRS. Does not really take that long to get the numbers from Quickbooks.
Dave Olson
David Saulque
<b>PWN TEAM - Hood Moderator</b><br<b><font color=
Dave
Your rate is so low, why would they audit? With our rate they take one day. Out in California the rates are high and they will be rolling East.
David
Your rate is so low, why would they audit? With our rate they take one day. Out in California the rates are high and they will be rolling East.
David
Dave Olson
New Member
Just remember Dave if you are going to send your high rates East you will need to send them to Scott first! 
As you know all insurance companys require an audit so they know what their liability is and how much we owe them!
Dave Olson
As you know all insurance companys require an audit so they know what their liability is and how much we owe them!
Dave Olson
Scott Stone
New Member
Nahhh, it always takes a little while for Arizona to catch on. I can see it hitting you first because of Chicago. Of course, where you are is not exactly Chicago, but, I can hope can't I??
You also forget that California has never met a tax it did not like. It is no wonder everything is so high there.
Scott
You also forget that California has never met a tax it did not like. It is no wonder everything is so high there.
Scott
Mirage Cleaners
New Member
Would it be possible to get comp for part time helpers who work off the books? Or do they need to see that you're taking out all the necessary deductions like social security, etc.?
<font color=e87400>
OMG,, Are you kidding here Dave. 21.49 per $1000 LIke as in $2.149 ($2.15) Per $100... If I'm readin this right you are one lucky person. In Florida standard for pressure cleaning is like $27.00 per $100 of payroll.
<b>Greg s/d -</b>
I guess this may be too late for you but I'm sure that if it is you can still recoup the biz. --
It's a good possibility that "someone" in that company may have gotten a new position & upon reviewing records found that you had no Workers Comp. In florida Owner Operators do not need Workers Comp, in fact you can have ONE employee with no workers comp. What you DO NEED however is a <b>Workers Comp Exemption</b>. It's only $20 & will last ya 5 years before renewal. This can be attained at your local County administration area that deals with Workers Comp. YOu can probably call like Contractors LIcensing to get it too. At least they could point you in the right Direction. With the WC Exemption YOU CAN KEEP THIS CONTRACT! IT IS what they are looking for! SO DO it MONDAY & I'm sure you'll keep the contract!
Keep in mind that you may have to educate the customer a bit re this exemption. Most likely not though. More than likely they'll know what it is. If not tell them "I am exempt from Workers Comp in the State of Florida & I can send you the Certificate from the state, I'll fax it to you right now!" <i>Funny too that they will NEVER ask you for this exemption. I'm sure that alot of ppl have lost contracts this way. </i> If they have any reservations about this (Which they should'nt) tell them that the exemptions are standar for samll operations & that if will make them more comfortable you will have all your jobs for them listed as "Additional Insured" with you insurance carrier. If that confuses ya let me know here
GL
Keep them Contracts
PS what part of FL you from!
Cody
re workers comp
Cody I appreciate the help but I already tried that they want workers comp, not exempt. they will not budge on it. Its funny since they informed me of thier insurance decision i have had two more of their area managers call me to set up work. I talked to the man who is in charge of the entire state for them and he told me to still keep working for them until they could find someone with workers comp. Im based in osceola county right by the disney rat. where in florida are you. Greg/sd
Cody I appreciate the help but I already tried that they want workers comp, not exempt. they will not budge on it. Its funny since they informed me of thier insurance decision i have had two more of their area managers call me to set up work. I talked to the man who is in charge of the entire state for them and he told me to still keep working for them until they could find someone with workers comp. Im based in osceola county right by the disney rat. where in florida are you. Greg/sd
<font color=e87400>Hey Greg, I'm in Brevard just a few feet further from the Disney rat! Man I jsut cannot believe that the exemption won't work for ya. That's very suprising that had always covered that probalm for me. If they know that you use more than one guy on a regular basis i suppose that this could be one reason, maybe. But i really doubt that. It's just so odd, in florida since we do have the exemption that is as good as wc for the independant contractor. Did you try and find out WHY you have to have it? Is it maybe because it causes you to fall under their WC policy? If so you could offer up a discount to them to cover the difference maybe!
I'll make a few phone calls on Monday to see what I can find out fer ya. I know it may not help But i have some ideas that I just want to verify first. It's amazing how much stuff i can forget
Lets figure this out man, there has to be an alternative. Hopefully!
Cody.
My email is ecody@cfl.rr.com if don't want to post it all here!
I'll make a few phone calls on Monday to see what I can find out fer ya. I know it may not help But i have some ideas that I just want to verify first. It's amazing how much stuff i can forget
Lets figure this out man, there has to be an alternative. Hopefully!
Cody.
My email is ecody@cfl.rr.com if don't want to post it all here!
Here is Wisconsin if you have someone working for you (part-time or full-time) you have to have workers comp. on them. I figured it out it cost me $.70 an hour more but no headaches just get the bill from the temp service and pay. I can let them them go if I don't need them anymore with ease. Don't get me wrong I do screen everybody I have working for me.
Charlie
Charlie