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Hi everyone, got the quotes today from State Fund and one from another insurance carrier about the Surety Bond. State Fund wants $3,300.00 as a deposit for a year for the workmans comp. The other insurance company quoted me 1,223.00 for the surety bond. Just like I thought that it would run around $6,000.00 to get going again. This doesn't even include advertising, tools, ect...

I also have been second thoughts about taking a chance on doing this because afraid of not being able to pull off enough work to justify the cost. Its' just too risky and if I have doubts like this, I have no business being in the roofing business.

California is just making it almost impossible for the small business to be started due to high insurance cost. So I am going to pass and going to have to find another way to make money.

I guess I could just do repairs for a couple of hundred bucks and lower since anyone can do repair jobs in Ca without a license if it's $500.00 or less. But since I have had a license in the past this doesn't pertain to me.
martinbr
 

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Why not go through a company like Paychex for your payroll? They will bill you weekly for the premium.

Eliminates the large down payment for the comp.
 

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BattleRidge said:
I agree its bull all the extra costs workmans comp is extortion. Talk about hold the little guy down. I have never had to pay premiums up front though, that must be a cali thing?
I think that comp quote for a roofer is cheap even for Nebraska. If you don't have a recent history it can be hard to even find someone to write you.

Every roofer around here should be busy for a year.
 

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Balding quickly
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I think that comp quote for a roofer is cheap even for Nebraska. If you don't have a recent history it can be hard to even find someone to write you.

Every roofer around here should be busy for a year.

Im saying that in general its extortion, not 6k but I still never had to pay into it ahead of time except to start a account for 400 bucks. After that our payroll comes off of our previous performance. So I guess you could just start with another name?
 

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Roofers are the only contractors required to have WC whether they have employees or not. All other contractors are not required to have it, if they don't have employees.
 

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Most residential roofing consists of Laminate ( asphalt ) shingles. These can be purchased in 3-Tab, 25, 30 and 40 year shingles. Don't be fooled by the numbers. None of these shingles are going to withstand any type of severe weather in 12 -15 years.

Amite
http://www.NYSunrise.com
 

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I'm The BOSS
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Roofers are the only contractors required to have WC whether they have employees or not. All other contractors are not required to have it, if they don't have employees.
I don't have work comp on myself. Owners of the company can opt out.
New thing in Taxachusetts: all subs must have w/c.
even if they are the owner w/o employees

used to be able to have them sign the waiver, not any more
 
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