workmens comp ins

Discussion in 'Business Operations' started by lawnman20, Mar 30, 2003.

  1. lawnman20

    lawnman20 LawnSite Member
    Messages: 14

    can any one plz tell me how much it should be and what is the start up cost for it thanks Gene
  2. KenH

    KenH LawnSite Bronze Member
    from CT
    Messages: 1,622

    Depends on your state. I think Im paying 9.50 per $100. There were no additional startup costs.
  3. KDJ

    KDJ LawnSite Senior Member
    Messages: 325

    I use a temp service. They handle all my headaches. 4.00 hr on top of the pay rate.
  4. lavan

    lavan LawnSite Member
    Messages: 25

    it is kinda time consuming and streesful but when we applied for workmens compensation it took almost 30-45 days to get. it is also costly but once you get it you will not have that problem any more. your premium will be adjusted every year to your gross.
  5. AL Inc

    AL Inc LawnSite Bronze Member
    Messages: 1,209

    It is based on your payroll. I think it is $9.50 per $100 of payroll. You can also opt to exclude yourself from the policy. Like lavan said, you will be audited every year and they will adjust your premium according to how much your payroll was for the prior year.
  6. rodfather

    rodfather LawnSite Fanatic
    Messages: 9,501

    Some states (NJ does) has a separate category for lawn mowing companies and then another category for landscapers. If you can, file under lawn mowing cause it is much less expensive.
  7. wriken

    wriken LawnSite Silver Member
    Messages: 2,154

    just got a quote today, 4.19 on the hundred. plus a $225.00 charge, so say on a 10,000.00 wage it would be 644.00
  8. wriken

    wriken LawnSite Silver Member
    Messages: 2,154

    here too, Think he said 4.19 for mowing and 7.50 for landscaping. This is for Michigan. Plus that 225.00 charge, can't remember what that was for, probably profit for them. :)
  9. smburgess

    smburgess LawnSite Senior Member
    Messages: 467

    Virginia is the same way, alot more people must get hurt doing landscaping.
  10. lawnman20

    lawnman20 LawnSite Member
    Messages: 14

    Wriken what inc company is that with i am from troy mich thanks for the help

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