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Workers Comp Policy

 
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Old 05-27-2015, 06:00 AM   #1
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Workers Comp Policy


Just got our renewal letter today.
Our rate went down from 49% to 42%!!
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Old 05-27-2015, 06:42 AM   #2
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Re: Workers Comp Policy


What kind of work do you do and where?Mine is 23% and a lot higher than some I've heard from.

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Old 05-27-2015, 07:39 PM   #3
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Re: Workers Comp Policy


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What kind of work do you do and where?Mine is 23% and a lot higher than some I've heard from.
Roof related work, 70 miles SW of Chicago.
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Old 05-27-2015, 07:56 PM   #4
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Re: Workers Comp Policy


I am just under 4% for rough carpentry, demo, and remodeling.
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Old 05-27-2015, 08:45 PM   #5
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Re: Workers Comp Policy


Wow. I thought ours was high at 8 percent. Even 25 percent seems very high to me. Is that because of private medical in the u.s.a. In Canada comp pays our medical separate from regular medical. If a accident happens at work, comp pays the bill. We get a record of any expenses charged to our comp account. Saw a bill that comp paid for an employee that got sawdust in his eye. $900. He was at the hospital one hour. Outrageous here. Must be worse there. At those comp rates I would have to raise my rate considerably.
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Old 05-27-2015, 09:32 PM   #6
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Re: Workers Comp Policy


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Originally Posted by red_cedar View Post
Roof related work, 70 miles SW of Chicago.
Sounds like a good reason to start doing roof work for cash in that area. I am gonna throw up some Craigslist posts.

I am at 18.3 % in Milwaukee for General Remodeling rate class.
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Old 05-28-2015, 12:26 PM   #7
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Re: Workers Comp Policy


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Originally Posted by red_cedar View Post
Just got our renewal letter today.
Our rate went down from 49% to 42%!!
Risk-wise it may be too small to mean much.
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Old 05-28-2015, 05:57 PM   #8
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Re: Workers Comp Policy


Got hurt fairly badly couple years ago. Insurer paid everything including weekly pay... no problem. Travelers Ins.

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