Workers Comp prices

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

  1. PerfectEarth

    PerfectEarth LawnSite Bronze Member
    Posts: 1,734

    ....if only our state and federal government made it that easy. I took a quick look at calculating my payroll stuff by myself, mailing everything off, setting it all up, and said NO THANK YOU. It's worth the 34.00 for Paychex to do it for me. Unemployment, quarterly filings, the works... I know I'd screw something up. And I can add more guys on for my same fee until I hit 5 guys.
     
  2. DoetschOutdoor

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

    So you pay $34.00 per employee paycheck or what? I really dont want the hassle of doing it all myself...

    From maybe a better angle on the question, what will it cost me TOTAL to hire someone on at 9 or 10 bucks an hour? With all of the things that I have to pay to be legal and have an employee on the books. Im talking 25 hours April through October only.
     
  3. PerfectEarth

    PerfectEarth LawnSite Bronze Member
    Posts: 1,734

    It's 34 flat per pay period (weekly for me) if you have one guy or 5. Over five and it's just slightly more, until you hit another level.

    For me, thru my agent, my worker's comp for KY for one guy is about 1600.00 per year, based on my estimated total payroll for him. I guess over time and without incidents, it will go down....that is lumped into my commercial policy (so a total of WC, autos, and general liability is X for me)...pay it 4 times a year.

    Now if you sign on with paychex, you need WC or they will try and sell it to you thru them. I hear it's good- might be better than what I'm paying now but I told them I'm all set now and we can quote it next season. I assume if you go with WC coverage thru a company like paychex, they would do the deduction from your business account, like they'd do the pay and taxes, fees, etc...
     
  4. gasracer

    gasracer LawnSite Bronze Member
    Posts: 1,049

    It is $6.67 per $100 of payroll here in Tn.
     
  5. AI Inc

    AI Inc LawnSite Fanatic
    Posts: 25,236

    Wow, thats almost double what an irrigation contracotr pays in New England.
     
  6. PerfectEarth

    PerfectEarth LawnSite Bronze Member
    Posts: 1,734

    Just starting out, it's like 10% of your payroll for me in KY!
     
  7. Raymond S.

    Raymond S. LawnSite Senior Member
    Posts: 979

    $1300 for $20k estimated employee wages here in MI. Don't have the option of covering myself just employees.
    Posted via Mobile Device
     
  8. Luke Reedy

    Luke Reedy LawnSite Member
    Posts: 75

    The quote I've gotten here is 8.375% of payroll. That works out to be $4375.00 for a payroll of $50k/yr. The minimum I would pay is $1148.00
     
  9. willretire@40

    willretire@40 LawnSite Bronze Member
    from VA
    Posts: 1,387

    Workman comp for lawn maintenance is $2.34 per $100 of payroll. Cheap right?
    Posted via Mobile Device
     
  10. Luke Reedy

    Luke Reedy LawnSite Member
    Posts: 75

    If all things are equal, then I would say yes that is cheap. That is 2.34% and I have been quoted at 8.375%, pretty much 4x what you are saying. The quote I got also includes landscaping----light digging, bush trimming, general cleanup, etc. I told them when I was getting the quote that we wouldn't be using a backhoe or heavy equipment like that.
     

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