Workmans Comp

[jrs.landscaping]

Originally Posted by Duekster

I found the Hartford rate good through QB too but not overly greater than I got independently. I decided to stay with my agent and bundle my GL / WC for a better overall rate.

We decided to go through paychex, no upfront bill and W/C is taken out every pay period based on payroll so no estimating wages for the year.

[Duekster]

Originally Posted by jrs.landscaping

We decided to go through paychex, no upfront bill and W/C is taken out every pay period based on payroll so no estimating wages for the year.

I would likely go that route too if I did not do Payroll inhouse through QB and my accountant gave me a key off her subscription.

Paychex is a nice company. Located in Irving Texas the last time I looked. They should be able to save some money for a lot of folks...

[GreenI.A.]

Originally Posted by Duekster

I do not think Owners are covered by Comp even if you wanted it.

To the OP. I tend to agree just because you are not required to carry comp, to does not mean you are not responsible for employee welfare. Look at the OSHA laws.

Owners can be covered if they want, but in most states it is not required the same as it is for employees. Most insurance companies charge a higher rate for coverage of the owners of smaller businesses. This is because the employer is more likely to know how the system works and has a high probability of manipulating the system or filing false claims. I have to pay the extra to have myself covered by WC as we do a lot of sub contract work on new construction jobs, most contractors will require all subs to carry their own WC

[cgaengineer]

Originally Posted by GreenIndustryAssociates

Owners can be covered if they want, but in most states it is not required the same as it is for employees. Most insurance companies charge a higher rate for coverage of the owners of smaller businesses. This is because the employer is more likely to know how the system works and has a high probability of manipulating the system or filing false claims. I have to pay the extra to have myself covered by WC as we do a lot of sub contract work on new construction jobs, most contractors will require all subs to carry their own WC

This is correct, owners can opt out or choose to pay in...this is in GA.
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[Duekster]

I think as an owner I would rather invest the money in a Health Care plan.

I saw somew low rates. I think my WC rate is 4.5/100 and knock on wood, no claims since we started in 2005

[cgaengineer]

Originally Posted by Duekster

I think as an owner I would rather invest the money in a Health Care plan.

I saw somew low rates. I think my WC rate is 4.5/100 and knock on wood, no claims since we started in 2005

I would also like to invest my SS withholdings myself as well.
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[Duekster]

Originally Posted by cgaengineer

I would also like to invest my SS withholdings myself as well.
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Insurance and Government make far more than I do off my company.