Workman's Comp

duranduran

From what I see everyones insurance in the other states is cheap. I got a quote on 2 fulltime employees two! only two! 38,000.00 per year in the sunshine state California. Now how the hell is everyone with workman's comp doing it? Is there a trick to having this insurance and not pay so much?

joasis

The trick is to charge more and pay up or face the serious consequenses. In Oklahoma, my WC rate per 2 employees is $6000 a year, construction general (includes roofing).

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AaronB.

I have to finance my policies every year.

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http://www.roseroofing.net/
Seamless Industrial and Commercial Roofing Systems, Residential Repair. For Those That Demand Quality!
Free roof inspections within 12 miles of our locale.

joasis

Who wouldn't finance? Why pay a year in advance? It is tax deductable anyway.

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Teetorbilt

I calculated that I had to go to 5-6 employees to make 'the leap'. Getting over that hump takes money and a pair of stones. I'd never go back.

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You can't solve you're problems with the same level of thinking that created the problems.

Albert Einstein

maj

Work comp, just like any other type of insurance is based on average claims paid out for the area you live in. In my area, there are very few claims made on work comp, so I pay very little compared to other areas. Alot of it is based on the population & workforce. Also, we don't have hardly any scams going on as far as workers susposedly injuring themselves on the job. Most claims are legit claims. So I don't have to pay for the lowlifes filing false claims like most others do.

It also boils down to how many employees you intend on having, and the type of work you will be doing. Tile setters will obviously pay less than roofers. Premiums are based on the history of a particular field & history of claims for a specific area. California will obviously be higher because of the higher workforce, thus more likley there will be claims.

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Teetorbilt

Around here your basic roofing crew will run you about $70K a year. I have a friend with a 5 man garage and working under lifts is in the same catagory as roofing, he paid $68K last year.

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You can't solve you're problems with the same level of thinking that created the problems.

Albert Einstein

maj

Teetor, complain all you want about northern winters , but you will never hear me complain about WC up here !!

I have not paid that much in the last ten years combined !!

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realpurty2

Runs around 12k a year here.

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Woman in a Man's World.

joasis

The actual formula used in Oklahoma, is a percentage of wages....construction general (includes roofing) is rated at 13.2% of the wages you would pay an individual. The lowest I have seen is office workers at about 3% and the highest is utility excavators (private) working trenches, etc. at nearly 95%. I erect steel buildings and the rate, if I paid it, would be 86%...just like paying 2 people but getting work from one.

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maj

I'd have to check my policy for this year to know for sure, but I think I'm around 8.5%. Two employees, residential carpentry,1 - 2 family dwellings under 3 stories, includes roofing for less than 30% of all jobs.

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The views expressed in this post are merely opinions of named poster and in no way shall be deemed meaningful by members of the herd. By no means does anything posted by named poster mean a damn thing for anyone else partaking in this thread.

AaronB.

So youre cheating the system...like all the other jacks lurking around...real nice. Pay the friggin comp and pass it on...if you can sell you work that is.

__________________
http://www.roseroofing.net/
Seamless Industrial and Commercial Roofing Systems, Residential Repair. For Those That Demand Quality!
Free roof inspections within 12 miles of our locale.

AaronB.

But I thought you were a roofer, not a carpenter.

__________________
http://www.roseroofing.net/
Seamless Industrial and Commercial Roofing Systems, Residential Repair. For Those That Demand Quality!
Free roof inspections within 12 miles of our locale.

maj

Wake up a little edgey today Aaron????

No, I don't believe I have EVER stated I was a roofer. Most of MY posts pertain to carpentry & construction. I have to be careful to not do too many roofs or else I will have to classify differently for WC.

So not only do I not get credit on this board for being a contractor, now you guys don't even think I'm a carpenter !!!
I CAN tell you Aaron, whether you want to believe it or not (that's your problem), I have been a carpenter for 25 years.

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The views expressed in this post are merely opinions of named poster and in no way shall be deemed meaningful by members of the herd. By no means does anything posted by named poster mean a damn thing for anyone else partaking in this thread.

joasis

Take a hike Aaron, I should have been more specific, but it really isn't your business anyway, get it?

There are 2 classes of erection for steel buildings. Weld frame / trussed buildings, and red iron / clear span.

Now Aaron, pay close attention: I do not pay WC on building erection because My son in law (self employed) and I do all the frame erection. Too bad if you don't like it. The 86% applies to the red iron buildings and not sheeting or roofing...

Calling me a "jack" Aaron really hurts, hell...to make you feel better, I will go ahead and pay the 86%...so you won't think so low of me. I know you hate our steel roofing since we make houses look like horse barns, but I don't know what else to do except maybe hire you to bring your expertise to help us out down here...maybe maj and I can split it and you will show us what is up?...don't know what your malfunction is, but get over it...you might want to get a little more education before engaging your keyboard. I bet you wouldn't be so free with your comments in real time....

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Grumpy

Alot of guys cheat and force each employee to be classified like a sub and carry their own insurance. Ok so employee A goes out and gets a policy then exempts himself and pays $750 for a piecve of paper that he gives to his boss. Then his boss presents those papers to his insurance agent at audit time and ends up not paying a premium because the "subs" are covered. Then employee B, C and D go out and do the same... Even if the boss pays for those 4 policies his price is only $3,000 a year.

It's cheating and it is very criminal but it is also very common.

joasis

I finally figured out why we are "jacks" maj...bet you know too...I would love to say, but modesty forbids it. We need to go back to lurking around the forum.....keep our noses clean.

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AaronB.

Au contraire...I like steel roofing...just not the horse barn type on occupied space. It really is low end. Not a lot of skill involved.

I do like to restore them to leakproof condition.

If youre not paying the work comp for the work youre doing, then youre cheating the system.

I know whole crews of roofers, all working for the same company, and all of the workers are "subs" It is cheating, plain and simple. I also know whole crews of "carpenters" that do nothing but roofing. This is also cheating the system.

If youre paying the proper classification of insurance for the work youre doing, then you probably do not fit into this class of scum.

I have never had any trouble speaking my mind on the internet or in person.

__________________
http://www.roseroofing.net/
Seamless Industrial and Commercial Roofing Systems, Residential Repair. For Those That Demand Quality!
Free roof inspections within 12 miles of our locale.

Teetorbilt

maj, The money is easy, dealing with the crappy weather, clothes, tires, etc. sucks. I tried it once for 4 yrs. see where I am? I have spent some time in your neck of the woods. One of my brothers was born in Springfield and we raced with the CYC in the mid 50's. The yacht was Zingara and should be verifiable through the CYC or the register.

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You can't solve you're problems with the same level of thinking that created the problems.

Albert Einstein

joasis

Aaron..you continue to impress me...I get the idea if you don't do it, there isn't any skill involved? If you don't like it, then it must be low end? Well Aaron...I got news for you. The contracting world will never spin on your opinions. The beauty of speaking your opinions online is it is a very safe way to criticize others, without really prooving anything.

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