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Old 06-18-2002, 11:12 PM
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C4chris70 C4chris70 is offline
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workers comp

I tried a search, but was unable to find the info I need. I just started taking applications today to hire my first employee. I have been trying to find a company to obtain workers comp insurance through, but I am having trouble getting anyone to return a phone call with a quote or I'm being told that they don't write workers comp policies. Does anyone have any suggestions on how I can go about obtaining insurance, and can someone give me an idea on what to expect cost wise? Any info will be greatly appreciated.
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Old 06-18-2002, 11:36 PM
MATTHEW MATTHEW is offline
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www.quotefetcher.com

Also, check out www.FreeAdvice.com

Last edited by MATTHEW; 06-18-2002 at 11:43 PM.
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Old 06-19-2002, 09:03 AM
LawnLad LawnLad is offline
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Correct me if I'm wrong, but isn't Workers' Compensation Insurance a state run program? Here in Ohio it is. There is no competing "company" or entity - Ohio BWC is it.

Now - you can shop for group plans. Is this what you're referring to?

Here in Ohio we get solicitated all the time by companies selling the group rating. They get a list of existing employers who have been in the system and solicit those on the list. In order to be eligible in Ohio certain guidelines have to be met, and one of them is lenght of time in the BWC system - so just starting out you wouldn't be eligible for discounts. As soon as you are eligible in your enrollment period - join! There's nothing to it and it's worth it.
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Old 06-19-2002, 10:11 AM
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Hawkeye5 Hawkeye5 is offline
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Ohio is a monopolistic state for Worker's Compensation (I think there are 5 total) which means that the State provides the coverage. Fla. is not monopolistic, you obtain coverage from insurance companies. If you have General Liability, go to the agent that provides that coverage for you and they should work for you to secure coverage. There is not much commission in a small worker's compensation policy, and the coverage itself is not making money for insurance companies, so unless you have a relationship with an agent they are not going to spend time as they don't make much money (sound familiar?). Non-monopolistic states also have residual markets (AKA assigned risk pool, I think it may be a Joint Underwriting Association in Fla.) as a last resort, however you still have to access through an agent. If the agent that has your GL coverage won't help, find another agent!! JD
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Old 06-19-2002, 10:04 PM
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C4chris70 C4chris70 is offline
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Thanks for the help. I finally found an agent that would write a policy for me. The policy will run me $17.30 per $100 salary paid.
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Old 06-19-2002, 10:22 PM
Doc Pete Doc Pete is offline
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Yikes!!!!!!!!

Quote:
Originally posted by C4chris70
Thanks for the help. I finally found an agent that would write a policy for me. The policy will run me $17.30 per $100 salary paid.
Wow, that's high. Make sure the company is giving you the correct catagory. There are many Catagories. My company, at first, gave me the wrong description. It's important if you do "lawn maintance" only, or full tilt landscaping with running a backhoe and stuff. Check it out. Your state should have a site that lets you check the classifications and descriptions of exactly what you do. Hell it's no skin off the insurance companies nose to give you the higher "wrong" quote.
Pete
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Old 06-20-2002, 09:36 AM
LawnLad LawnLad is offline
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Wow... 17.3% is high. But if that's the norm for Florida, so be it. In Ohio for maintenance we're about 5.5%. Even lower if you're in a group program.
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Old 06-20-2002, 10:00 AM
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Hawkeye5 Hawkeye5 is offline
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Fla. rates are high because benefits and rehab costs are high, as a result it is very hard for insurance companies to make a profit on Fla. Workers Comp. The benefit levels etc. vary by state, they are not uniform. The market avaliability has been much less than in other states and for years the majority of risks went into the assigned risk pool, which often times carries a surcharge.
Keep in mind that the taxpayers of Ohio underwrite the cost of the coverage in their state and Employers Liability has to be purchased as an endorsement to your General Liability policy as it is not provided by the state, no profit motive.
There are also state exceptions to the classifications, so if your state has an exception class for mowing only, fine, if not the class is more than likely Landscape Gardening. JD
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Old 06-20-2002, 11:39 AM
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Hawkeye5 Hawkeye5 is offline
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Did some research, Florida has a State Special Class: Lawn Maintenance-Commercial or Domestic & Drivers-9102. JD
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Old 06-20-2002, 10:34 PM
Kyle Carter Kyle Carter is offline
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I JUST RECENTLY GOT WORK. COM. I GOT IT THROUGH A PAYROLL SERVICE.
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