Whats the average cost for worker's comp.

[nobagger]

for a company that is part time and grosses 25-30k a year? i am definetly hiring at least one more guy this year and I priced worker's comp. anywhere else. Any guesses?

[bobbygedd]

4% of salary grasscutting. 11% of salary landscapeing

[Mower63]

Check your state regulations. You may not need workers comp. In Florida it is not required unless you have more than 4 employees including yourself. Also check to determine if you can exempt yourself if you do need to carry it. However you might want to consider a supplimental policy if you are not required to carry WC just to protect your company.

We pay 8.5% of payroll for maintenance, no hardscaping, no cutting above 15' or tree work, no heavy equipment operation (e.g. skid steer).

[paponte]

Most companies are based on payroll. Talk to your accountant and your ins broker. Some ins. co's will write wcs, but sometimes you need to go through the state for it. I would say Bobby's numbers are in line. :)

[DUSTYCEDAR]

based on pay in pa and it aint cheep
a rule of thumb for every 100 bucks u pay them it cost u 130 when all said and done with payper work and such

[indy2tall]

for a company that is part time and grosses 25-30k a year? i am definetly hiring at least one more guy this year and I priced worker's comp. anywhere else. Any guesses?

Here in Indiana I was quoted around $750 per year which covered the first $18,000 paid to one or more employees.

[6'7 330]

In Illinois,the insurance companies can set their rates based on classifications. Most insurance companies base premiums on payroll.As somebody else posted, check your state regulations,you might not be required to carry workers comp.Even if your exempt,It might be smart to carry it, you are liable if an employee gets hurt.Your ass can be thrown into a liability meat grinder fast.

[fishinman22487]

Check your state regulations. You may not need workers comp. In Florida it is not required unless you have more than 4 employees including yourself. Also check to determine if you can exempt yourself if you do need to carry it. However you might want to consider a supplimental policy if you are not required to carry WC just to protect your company.

We pay 8.5% of payroll for maintenance, no hardscaping, no cutting above 15' or tree work, no heavy equipment operation (e.g. skid steer).

Last I heard workers comp. is required in Florida... But it may be different down south where you are.

[Doug Z.]

in Wisconsin, the state sets the rate, for me its $900.00 per $10,000.00 payroll

[bobbygedd]

Most companies are based on payroll. Talk to your accountant and your ins broker. Some ins. co's will write wcs, but sometimes you need to go through the state for it. I would say Bobby's numbers are in line. :)
hmmm, aponte agreed with me. something is fishy for sure

[paponte]

hmmm, aponte agreed with me. something is fishy for sure

Don't let your head swell too much Mr. Roberto. I'm surprised you even carry wcs, since I know your feelings on insurance. :)

[bobbygedd]

Don't let your head swell too much Mr. Roberto. I'm surprised you even carry wcs, since I know your feelings on insurance. :)
i only do it, cus they make me. given the choice, i wouldn't carry any insurence at all

[mmacsek]

for a company that is part time and grosses 25-30k a year? i am definetly hiring at least one more guy this year and I priced worker's comp. anywhere else. Any guesses?
I pay 863 a year and that is up to 8000.00 a year in slaries. We are a seasonal co. so most private insurers won't touch it. We purchase thru the state. At the end of the year the state does an audit and if you went over the salry max. the difference is then due and your yearly premium is adjusted accordinly. Matt