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DoetschOutdoor
04-26-2011, 10:08 PM
I just emailed my insurance guy to get a quote for workers comp insurance...anybody care to say what they pay for protecting themselves? My business is relatively small, my helper will work between 25-35 hours a week, just us two mowing 40 accounts a week, maintanence, and light landscaping. Anybody got any ball park figures as to what a policy will run me to protect all that Ive built up over the past few years....?

Snyder's Lawn Inc
04-26-2011, 10:15 PM
I just emailed my insurance guy to get a quote for workers comp insurance...anybody care to say what they pay for protecting themselves? My business is relatively small, my helper will work between 25-35 hours a week, just us two mowing 40 accounts a week, maintanence, and light landscaping. Anybody got any ball park figures as to what a policy will run me to protect all that Ive built up over the past few years....?

goes off payroll
So what do you show your self making

PerfectEarth
04-26-2011, 10:17 PM
If you pay him 10.00, about 960 per year.

DoetschOutdoor
04-26-2011, 10:18 PM
Goes off what i make or what they would make?

PerfectEarth
04-26-2011, 10:20 PM
What your payroll for employees would be. Not you.

jplawnmaint
04-26-2011, 10:30 PM
Go through a pay roll company. We use paychecks and they cover the cost for workers comp. You only pay for what your employee makes each week. You don't have too pay for separate policy. Good luck
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Snyder's Lawn Inc
04-26-2011, 10:45 PM
What your payroll for employees would be. Not you.

My workman comp goes off what the employes make and there a fix rate for owner

Dr.NewEarth
04-26-2011, 11:06 PM
We pay Workers Compensation to a provincial government run compensation board.
Not a private insurance company.

They're very strict about safety in the workplace.

We pay these vultures on March 4th of every year,
The average that landscape companies here in BC pay
on every one hundred dollars
that their employee 's gross is $2.61

I get a discount for not having had a claim in 15 years (knock on wood)
and paid $1.70 per 100 dollars gross pay for 2010.
My rates have gone down every year I have been in business.

You can get them even lower if you take a special certification course through wcb
It's called WorkSafeBC now.

So, if I paid some-one $10 and hour and they worked 2080 hours in the year
and they grossed $20,800 I would pay $353.60 for their workers compensation for a year. (40 hours per week x 52 weeks)

Our business liability insurance is about $750.00 for three million coverage
That is standard coverage here.

Each of my trucks insurance is about $1700 for the year

House insurance is $648

and gas is hovering around $5.50 a gallon right now

Go Canucks Go

DoetschOutdoor
04-26-2011, 11:08 PM
Go through a pay roll company. We use paychecks and they cover the cost for workers comp. You only pay for what your employee makes each week. You don't have too pay for separate policy. Good luck
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Not trying to be a cheap azz but do you think its necessary for a small biz like mine and a worker only working 25 hours a week to go through a payroll company or can I do that myself? So do you just pay more into payroll for workers comp and i dont have to pay a policy? Im just a little confused on this aspect, thanks for your help.

Dr.NewEarth
04-26-2011, 11:30 PM
Yes you can do your own payroll. Our deduction tables are on line and then it prints out all of the information. I'm in Vancouver, B.C.

I keep all of the copies, and give a photocopy to each employee with their check.
Then the accountant gets the pile at tax time.

I will not do my own business taxes

Go to your State Government websites and see if you can locate your own.
deduction tables.

I hate doing paperwork, but I will only use a payroll company if I have more than a handful of employees. Then it is worth my time.

When I first started, the government would send out a deduction tables booklet every three months as it updates. You would spend ten minutes digging for the numbers.
It's better to plug in the gross and press calculate and print.

PerfectEarth
04-26-2011, 11:50 PM
....if only our state and federal government made it that easy. I took a quick look at calculating my payroll stuff by myself, mailing everything off, setting it all up, and said NO THANK YOU. It's worth the 34.00 for Paychex to do it for me. Unemployment, quarterly filings, the works... I know I'd screw something up. And I can add more guys on for my same fee until I hit 5 guys.

DoetschOutdoor
04-26-2011, 11:59 PM
....if only our state and federal government made it that easy. I took a quick look at calculating my payroll stuff by myself, mailing everything off, setting it all up, and said NO THANK YOU. It's worth the 34.00 for Paychex to do it for me. Unemployment, quarterly filings, the works... I know I'd screw something up. And I can add more guys on for my same fee until I hit 5 guys.

So you pay $34.00 per employee paycheck or what? I really dont want the hassle of doing it all myself...

From maybe a better angle on the question, what will it cost me TOTAL to hire someone on at 9 or 10 bucks an hour? With all of the things that I have to pay to be legal and have an employee on the books. Im talking 25 hours April through October only.

PerfectEarth
04-27-2011, 12:17 AM
So you pay $34.00 per employee paycheck or what? I really dont want the hassle of doing it all myself...

From maybe a better angle on the question, what will it cost me TOTAL to hire someone on at 9 or 10 bucks an hour? With all of the things that I have to pay to be legal and have an employee on the books. Im talking 25 hours April through October only.

It's 34 flat per pay period (weekly for me) if you have one guy or 5. Over five and it's just slightly more, until you hit another level.

For me, thru my agent, my worker's comp for KY for one guy is about 1600.00 per year, based on my estimated total payroll for him. I guess over time and without incidents, it will go down....that is lumped into my commercial policy (so a total of WC, autos, and general liability is X for me)...pay it 4 times a year.

Now if you sign on with paychex, you need WC or they will try and sell it to you thru them. I hear it's good- might be better than what I'm paying now but I told them I'm all set now and we can quote it next season. I assume if you go with WC coverage thru a company like paychex, they would do the deduction from your business account, like they'd do the pay and taxes, fees, etc...

gasracer
04-27-2011, 01:08 AM
It is $6.67 per $100 of payroll here in Tn.

AI Inc
04-27-2011, 06:52 AM
It is $6.67 per $100 of payroll here in Tn.

Wow, thats almost double what an irrigation contracotr pays in New England.

PerfectEarth
04-27-2011, 07:08 AM
Just starting out, it's like 10% of your payroll for me in KY!

Raymond S.
04-27-2011, 08:43 AM
$1300 for $20k estimated employee wages here in MI. Don't have the option of covering myself just employees.
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Luke Reedy
05-02-2011, 11:39 PM
The quote I've gotten here is 8.375% of payroll. That works out to be $4375.00 for a payroll of $50k/yr. The minimum I would pay is $1148.00

willretire@40
05-08-2011, 09:55 PM
Workman comp for lawn maintenance is $2.34 per $100 of payroll. Cheap right?
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Luke Reedy
05-08-2011, 11:32 PM
If all things are equal, then I would say yes that is cheap. That is 2.34% and I have been quoted at 8.375%, pretty much 4x what you are saying. The quote I got also includes landscaping----light digging, bush trimming, general cleanup, etc. I told them when I was getting the quote that we wouldn't be using a backhoe or heavy equipment like that.

Kreios
05-08-2011, 11:53 PM
I payout around $22000 a year in labor and my workmans comp is only $750 a year.
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DA Quality Lawn & YS
05-09-2011, 01:18 AM
I am a solo op looking to hire on a part time college aged kid for the summer months. Tried to get a quote on Comp, found out no private insurer will write the business. Has to go to the WC MN Pool and will be $500/yr min premium (for wages under apprx $2,500 which I assuredly will be under). Needless to say, I decided not to hire, what a rip off.

Kelly's Landscaping
05-09-2011, 01:44 AM
You can tell who has it through a payroll service and who pays the premium to an insurance company. The ones who have it deducted each week seem to know our rates where those that pay it once a year know the amount they expect to pay for the entire year. Ours dropped 2 years ago to 4.5% sadly unemployment tripled in that time so no real savings.

HPSInc
05-09-2011, 02:00 AM
i am solo and needed workers comp to be able to work at my commercial properties. it will also cover me for plowing them in winter. nobody wanted to insure me...turned down by 6 places as i am a new company with no history. i have a 2 million dollar insurance policy and am paying 2500 a yr/liability and 3250 a yr workers comp for just me. no employees...yet. its pricey but had to do it.

DA Quality Lawn & YS
05-09-2011, 10:31 AM
i am solo and needed workers comp to be able to work at my commercial properties. it will also cover me for plowing them in winter. nobody wanted to insure me...turned down by 6 places as i am a new company with no history. i have a 2 million dollar insurance policy and am paying 2500 a yr/liability and 3250 a yr workers comp for just me. no employees...yet. its pricey but had to do it.

i am guessing you were written for comp through your state's wc pool - right? Premiums are sky high.