Workers Comp prices

Discussion in 'Lawn Mowing' started by DoetschOutdoor, Apr 26, 2011.

  1. DoetschOutdoor

    DoetschOutdoor LawnSite Bronze Member
    from S. IL
    Posts: 1,818

    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....?
     
  2. Snyder's Lawn Inc

    Snyder's Lawn Inc LawnSite Platinum Member
    Posts: 4,541

    goes off payroll
    So what do you show your self making
     
  3. PerfectEarth

    PerfectEarth LawnSite Bronze Member
    Posts: 1,735

    If you pay him 10.00, about 960 per year.
     
  4. DoetschOutdoor

    DoetschOutdoor LawnSite Bronze Member
    from S. IL
    Posts: 1,818

    Goes off what i make or what they would make?
     
  5. PerfectEarth

    PerfectEarth LawnSite Bronze Member
    Posts: 1,735

    What your payroll for employees would be. Not you.
     
  6. jplawnmaint

    jplawnmaint LawnSite Member
    Posts: 104

    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
    Posted via Mobile Device
     
  7. Snyder's Lawn Inc

    Snyder's Lawn Inc LawnSite Platinum Member
    Posts: 4,541

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

    Dr.NewEarth LawnSite Bronze Member
    Posts: 1,405

    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
     
  9. DoetschOutdoor

    DoetschOutdoor LawnSite Bronze Member
    from S. IL
    Posts: 1,818

    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.
     
  10. Dr.NewEarth

    Dr.NewEarth LawnSite Bronze Member
    Posts: 1,405

    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.
     

Share This Page