I just went through this - just hired my guy on Friday.
Something I can tell you is that in PA I couldn't get WC through a private insurer - i had to get it from the state until I had 2 years experience. It also took several weeks to get everything approved...
With that came a rate of 21 cents on the dollar for residential carpentry... Seems astronomical but my normal agent tells me he can get me rates about 50% lower after my 2 years.
Look into your state government website for more info on your particular trade. If nothing else it will give you a starting point... Good luck!
sitdwnandhngon said:How do they know your experience level? I have 3 years worth of self employment tax history, NY probably isn't the same anyway.
The state run comp company pretty much has the monopoly in NY. I have a $650 per week guy and his comp is about $4800 a year.
sitdwnandhngon said:I am terrified about the rate I might get. About 5% of my work is chimneys, and about 10% involves scaffolding. How you do you pay it? Do you have to do it monthly, or quarterly?
Call a local employee leasing/payroll service/temp agency, and see if you can hire your guy through them. They will give you a bill that might be double the nominal hourly rate that the employee sees, possibly more.
If your evening and weekend time is worth more than 50 cents an hour, that outrageously high number will be less than the total cost to you of employing the guy directly. And you'll go to sleep at night knowing that things have been done right.
That is probably a good idea for this situation, I will look into it. He will only be working for me from June- August.
Call a local employee leasing/payroll service/temp agency, and see if you can hire your guy through them. They will give you a bill that might be double the nominal hourly rate that the employee sees, possibly more.
If your evening and weekend time is worth more than 50 cents an hour, that outrageously high number will be less than the total cost to you of employing the guy directly. And you'll go to sleep at night knowing that things have been done right.