workers comp

[david scott]

what does this stuff cost?heard its alot from some. smaller operation who's 1099 my "helper" for 2 years now.have had comm. job for 2 years now,has'nt really been a problem with them.info so i dont get sticker shock:cry:

[K.Carothers]

It's a percentage based on employee pay. Your question was tough to understand, do you have a CPA? I highly recommend one. Pay a CPA to sit down and talk. Write all your questions down before you have this meeting. The CPA will clear up all your questions.

kc

[6'7 330]

You will need to find an insurance company.The rate is based on payroll, and the price could be from 10 cents on a dollar on up.If your services include landscaping and tree work, look for it to be higher on the rate scale.

1099ing employees is a bad thing--you better hope the IRS don't audit you.

[Jason Rose]

I assume that you aren't withholding taxes, right? If you are sending them a 1099 you better have it in blood that they were "contract labor" or a sub contractor. Iv'e heard of cases like this where the employer dosn't withhold, sends the employee a 1099 and then the employee squeals when they have to cough up the full % for tax. It's easy for them to claim that they were under the impression that they were your employee, meaning that it's then illegal for you to pay them anything over 600 annually without withholding and most importantly, paying work comp and unemployment. There's many new laws to keep employers from doing this these days... It's the unemployment that gets them into trouble many times.

Just all the more reasons I don't want the headaches and costs of hiring help!

[david scott]

that's what i was lookin' for! got 500k gen.lia. through local farm burea and a local cpa.looking to expand this year but some of this stuff gives me headache:dizzy: preciate it!

[MMLawn]

that's what i was lookin' for! got 500k gen.lia. through local farm burea and a local cpa.looking to expand this year but some of this stuff gives me headache:dizzy: preciate it!

But that's not Workers Comp. General Liability ONLY covers your "business" against damage and/or injuries caused by you or your employee to a third party. It does NOT cover injury to you or your employee as Workers Comp does.

As to the cost of WC Ins that rate is set by your State not the insurance provider but an Insurance agent can give you the cost per $100 of payroll.

[Green Leaves]

I just got a quote for about $95 a month based on an estimate of $20,000 in payroll.

[Triple R]

In CA it's about 18% of payroll, one of the reasons I went back to solo.

[K.Carothers]

I just got a quote for about $95 a month based on an estimate of $20,000 in payroll.

That sounds right.

kc

[6'7 330]

As to the cost of WC Ins that rate is set by your State not the insurance provider but an Insurance agent can give you the cost per $100 of payroll.

Mike,

Since the eighties , my state has allowed the insurance companies to set their own rate.

[MMLawn]

Mike,

Since the eighties , my state has allowed the insurance companies to set their own rate.

Wow Bill that sux! I didn't think there were any states left that did that.

[david scott]

thanks for the input going to explore it a little,but solo doesnt seem all that bad of an idea cause i've done it that way so far and hate 2 spend$,get bigger,spend more $, see less in my pocket!