Workers Compensation

G

Grime Solver

New member
Hey guys....... I got a question for ya'll about workers comp..... First let me say I have been pressure washing for about ten years now, part time.... Even though I actually work full time hours with accounts and everything but anyways here is my question......I do alot of business with Home Owners associations... I am a one man crew, me, myself, and I.... I already have liabilty insurance. I just was able to land another Association but they are requiring me to obtain workers comp..... The way I understand workers comp is it is for your employees, which I dont have since Im a sole propieitor. I called my insurance company and numerous other ones and noone will give me the workers comp for just myself, so I can get this account... Does anyone have a similiar situation and how did you obtain it? I dont want to walk away from this account but if I cant obtain workers comp then they wont give it to me.... Any help would be appreciated guys.. thx.....
 
You should be able to get workmans comp. It's for your company not an individual and usually based on payroll. I am not sure about your state. Depending on how your business is set up you could possibly get the policy and opt out of coverage for yourself making it cheaper for you.
 
You need another agent. When you called around did you just ask for workers comp and not explain you would switch the liability insurance over to them too? Your current insurer should be able to provide workers comp for just you. In our state you can get an exemption from the state so you don't need workers comp. The way it works is if you work for someone as a sub and you are hurt without workers comp coverage you can go against the companies insurer that you worked for. They have exposure. That's why they need an insurance certificate. If they don't get one when they get audited anyone paid without having one on file goes on their payroll as being covered and bumps their premium. In Indiana we can get an Independent Contractors Clearance Certificate for the owners. It renders a contractor exempt from collecting workers comp and protects the company you are working for. Ours are issued by the Dept of Revenue and stamped by the Worker's Compensation Board.

Nothing personal but I've found a lot of insurance agents don't know their ass from their elbow.
 
Indy thx for the help...... Your right insurance companies dont know anything other then taking ur money.......I will just with the Dept. of Revenue bout this to get the workers comp stamp.... Appreciate all of ur guys help here
 
find your self a temporay agency and hire your self through them while you work on this property you will be billed once a week and you pay once a week and you will be covered while you are working on that property.
When you start needing employees you can hire them through temp agency, or go to employee leasing. Some employee leasing company's will even do one.

and they will send your customer the comp certificate .

I ve been doing this for 15 years with my painting company .
no audits ,no big insurance payments , you get billed once a week and you know exactly where your are and best of all no time doing any pay roll.

good luck
 
I have a ghost policy. Costs around $800 a year. I am not covered but if I use any employees, which I sometimes do, they are covered. They audit me once a year and base my new rate on payroll from the previous year. Got the policy through my insurance agent.
 
CTS, Who do you do through for that price? I think I have spoke with every Insurance company and the cheapest I have found so far is 2450.00 per year.....
 
Hire yourself or others through a temp is a great idea for those not ready to bite the bullet yet. I like the way you guys think.

I have normal workers comp now but in the beginning when I first got it I told my agent that I wanted it when I needed what they term part-time casual labor and to base it on the absolute minimum pay. It was under $1,000 I'm sure.

One of THE most important things is to make sure they classify your work type correctly. If you mention roofs get ready for a hit. The rates obviously are all based on risk. I had a trim carpentry business for years. I paid thousands of dollars too much without knowing my agent had me classed as "framing carpentry". I switched agents and he caught it.
 
apple said:
I priced it last week. 4% of payroll.

That shocked me. I made it very clear that we do use ladders. I was expecting A LOT worse than that.
Click to expand...


I pay around 3. something .... cross fingers no major injurys in 22 years, first three years didnt carry WK
 
You must log in or register to reply here.
Back
Top