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Workers Comp Question.

Discussion in 'Lawn Mowing' started by Podraza, Apr 5, 2001.

  1. Podraza

    Podraza LawnSite Member
    Posts: 3

    Went to bid our first Apartment Complex today. Our company has 100000 insurance.

    This mgmt company requires 2000000 and workers comp.

    Anyone have workers comp for 3 employees? I was wondering the cost. My insurance guy wont know until Wednesday and I was wanting to know what yall pay for a heads up.

    Thank You. We are small right now 3 employees and been in business about 2 weeks.
  2. lawman

    lawman LawnSite Member
    Posts: 199

    I am a retired Police Officer and have also been working as a PI. The cheapest workmans Comp. Co. is IWIF Injured workmans insurance fund. I hope that this helps.
  3. Grapevine

    Grapevine LawnSite Member
    Posts: 126

    In Mass. Comp is based on salary paid to your employees.
    Your first year they will charge you based on your estimated payroll, then you will get audited each year and it will go up or down according to your 941s. If you're not familiar with doing payroll taxes, 941s, Unemployment insurance, etc.. you should probably look into a bookeeping service.
  4. thelawnguy

    thelawnguy LawnSite Silver Member
    Posts: 2,412

    In CT, last I checked, WC for lawn crew was around 8% of payroll. May be more nowadays.
  5. grade

    grade LawnSite Member
    from MA
    Posts: 34

    It comes out to about 5.00 per 100.00 in gross payroll per week
  6. greens1

    greens1 LawnSite Senior Member
    Posts: 352

    In MI it's 3% of gross pay for cutting crews and 7% of gross pay for Landscapers. I do both so I am grouped as a Landscaper, ounch.
    Jim L
  7. eggy

    eggy LawnSite Senior Member
    Posts: 945

    First I couldnt even start to think about having someone working for me withou workers comp. the risk is to high for me. In Indiana the base and lowest price I belive is $ 750.00 for the first $8,000.00 in payroll, then $58 per $1000.00 of payroll after $8,000.
  8. Evan528

    Evan528 LawnSite Silver Member
    Posts: 2,144

    This will be the first year I have a steady part time employee. My insurance agent told me that it will cost me $1175 per year for workers comp for him for $11,000 a year payroll minumum..... OUCH!!!!

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