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Old 04-26-2011, 09:08 PM
DoetschOutdoor DoetschOutdoor is offline
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Workers Comp prices

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....?
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Old 04-26-2011, 09:15 PM
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Snyder's Lawn Inc Snyder's Lawn Inc is offline
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Quote:
Originally Posted by DoetschOutdoor View Post
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
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Old 04-26-2011, 09:17 PM
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PerfectEarth PerfectEarth is offline
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If you pay him 10.00, about 960 per year.
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Old 04-26-2011, 09:18 PM
DoetschOutdoor DoetschOutdoor is offline
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Goes off what i make or what they would make?
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Old 04-26-2011, 09:20 PM
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PerfectEarth PerfectEarth is offline
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What your payroll for employees would be. Not you.
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Old 04-26-2011, 09:30 PM
jplawnmaint jplawnmaint is offline
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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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Old 04-26-2011, 09:45 PM
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Snyder's Lawn Inc Snyder's Lawn Inc is offline
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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
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Old 04-26-2011, 10:06 PM
Dr.NewEarth Dr.NewEarth is offline
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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
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Old 04-26-2011, 10:08 PM
DoetschOutdoor DoetschOutdoor is offline
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Quote:
Originally Posted by jplawnmaint View Post
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.
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Old 04-26-2011, 10:30 PM
Dr.NewEarth Dr.NewEarth is offline
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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.
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