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Need The Cheapest Worker's Comp

Discussion in 'Business Operations' started by llama, Aug 23, 2003.

  1. llama

    llama LawnSite Member
    Posts: 165

    ANY SUGGESTIONS? I HAVE A COMPANY THAT I AM TRYING TO DO WORK FOR THAT REQUIRES IT. I LIVE IN ALABAMA AND HAVE HEARD THERE IS SOME "DUMMY" POLICIES FLOATING AROUND. ANY TRUTH TO THAT?
     
  2. Team Gopher

    Team Gopher LawnSite Platinum Member
    from -
    Posts: 4,041

  3. J&R

    J&R LawnSite Senior Member
    Posts: 835

    Check with your state Insurance Commissioner. They something help with the worker comp ins. the min cost in Ga starts at 750.00 per year and goes up to what your payroll will be.
     
  4. llama

    llama LawnSite Member
    Posts: 165

    I do not have any employees but the account wants proof of workers comp. anyway.
     
  5. Dr. Mow

    Dr. Mow LawnSite Member
    Posts: 109

    in Tn the cheapest i have found is 1500 for a wc ins. certificate , then to actually cover any employees is around 7.00 / 100 of payrol. ( in tn the state figure the owners income at a min of 42500, so just to cover yourself would be almost 3000, but as the owner you can opt out of the policy and just cover your empolyees.
    Most com. acts require proof of wc and that is what the 1500 certificate is for , it just states your bussiness is covered, but in all actuality you still have no ins.
     
  6. Since Wc comp is based on payrole, you had better contact an ins agent to find out what the rates are.

    Here they go from 5% to 12½% of your payrole.

    I have a few suggestion, but you will have to email me for them...I wont post them on a public forum.

    Lawngodfather@yahoo.com
     
  7. wriken

    wriken LawnSite Silver Member
    Posts: 2,154

    I'm paying $4.19 on the hundred, thru my ins agent.
     
  8. CamLand

    CamLand LawnSite Bronze Member
    Posts: 1,300

    wriken,send me your insurance comp name.i'm looking around for different service..
     
  9. Green in Idaho

    Green in Idaho LawnSite Senior Member
    from Idaho
    Posts: 833

    Those kind of suggestions should be 'interesting'. :rolleyes:
     
  10. Darwin

    Darwin LawnSite Member
    Posts: 101

    llama,

    If you need short (long)-term help, try a temp. service.

    They will handle your work-comp as well as payroll taxes.

    Explain this to the co. your interested in.
     

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