Workers Comp rates - Paint Talk - Professional Painting Contractors Forum
CLICK HERE AND JOIN OUR COMMUNITY TODAY, IT'S FREE!
Go Back   Paint Talk - Professional Painting Contractors Forum > Business > Business, Marketing, and Sales

Reply
 
Thread Tools Display Modes
Old 06-03-2007, 07:33 AM   #1
FT painter/FT dad
 
Rich's Avatar
 
Join Date: Apr 2007
Location: Connecticut
Posts: 1,254
Rewards Points: 500
Thanks: 0
Thanked 9 Times in 8 Posts
View Rich's Photo Album My Photos
Default Workers Comp rates

How much do you pay for workers comp? Any tips or advice about getting comp for the first time. Any hidden things to look out for? Thanks
__________________
Never work just for money or for power. They won't save your soul or help you sleep at night. Marian Wright Edelman
Rich is offline   Reply With Quote

Warning: The topics covered on this site include activities in which there exists the potential for serious injury or death. PaintTalk.com DOES NOT guarantee the accuracy or completeness of any information contained on this site. Always use proper safety precaution and reference reliable outside sources before attempting any construction or remodeling task!

Sponsored Links
Advertisement
 
Old 06-03-2007, 11:45 AM   #2
 
Join Date: May 2007
Posts: 10
Rewards Points: 60
Thanks: 0
Thanked 2 Times in 1 Post
View John's Photo Album My Photos
Default

$6.75 for every $100.00 paid to employee. That's in Ontario, Canada
John is offline   Reply With Quote
Old 06-03-2007, 02:02 PM   #3
Paint to fish

 
DeanV's Avatar
 
Join Date: Apr 2007
Location: MI
Posts: 9,439
Rewards Points: 154
Thanks: 957
Thanked 5,163 Times in 2,816 Posts
View DeanV's Photo Album My Photos
Default

I pay around 13.00 per $100.00. Michigan.
DeanV is online now   Reply With Quote
Sponsored Links
Advertisement
 
Old 06-13-2007, 07:10 AM   #4
Senior Member
 
premierpainter's Avatar
 
Join Date: Apr 2007
Location: NJ
Posts: 1,533
Rewards Points: 516
Thanks: 549
Thanked 1,001 Times in 524 Posts
View premierpainter's Photo Album My Photos
Default

12% per man
premierpainter is offline   Reply With Quote
Old 06-13-2007, 07:41 AM   #5
Senior Member
 
Dave Mac's Avatar
 
Join Date: May 2007
Posts: 4,540
Rewards Points: 2,924
Thanks: 4,377
Thanked 2,492 Times in 1,405 Posts
View Dave Mac's Photo Album My Photos
Default

12% here in nc

Rich if your looking to just get the certificate, you can get a ghost policy for around 820 flat fee, it covers no one but it protectect the homeowner from you suing them, and it appears as you have w/c, however once you get the policy and you have an employee you can upgrade it, saving you the initial all up front expence for claiming the employee in the first place. you still have to pay the percent on the pay roll but now you can do it later rather the earlier.
Dave Mac is offline   Reply With Quote
Old 06-13-2007, 07:55 PM   #6
The Lurker
 
MAK-Deco's Avatar
 
Join Date: Apr 2007
Location: Outer Rim of Chicago
Posts: 3,514
Rewards Points: 2,000
Thanks: 99
Thanked 290 Times in 207 Posts
View MAK-Deco's Photo Album My Photos
Default

Quote:
Originally Posted by Dave Mac View Post
12% here in nc

Rich if your looking to just get the certificate, you can get a ghost policy for around 820 flat fee, it covers no one but it protectect the homeowner from you suing them, and it appears as you have w/c, however once you get the policy and you have an employee you can upgrade it, saving you the initial all up front expence for claiming the employee in the first place. you still have to pay the percent on the pay roll but now you can do it later rather the earlier.
yes that policy is in IL for 900$ and it covers only up to 5k in payroll so if you start a guy for the first time and doesn't work out if he made less then 5k he's covered and it costs you no more.
MAK-Deco is offline   Reply With Quote
Old 08-01-2007, 09:36 PM   #7
FT painter/FT dad
 
Rich's Avatar
 
Join Date: Apr 2007
Location: Connecticut
Posts: 1,254
Rewards Points: 500
Thanks: 0
Thanked 9 Times in 8 Posts
View Rich's Photo Album My Photos
Default

Ok, so I'm finally putting my guy on comp and payroll. Payroll is free through Bank of America (hallelujah) and the quote I got for comp was $4900 for the year....she mentioned something like $16 per every $100 paid....

does that sound high? just curious...these numbers are all new to me.
__________________
Never work just for money or for power. They won't save your soul or help you sleep at night. Marian Wright Edelman
Rich is offline   Reply With Quote
Old 08-01-2007, 09:56 PM   #8
speed comes with quality
 
Join Date: Jun 2007
Location: NC
Posts: 190
Rewards Points: 150
Thanks: 2
Thanked 29 Times in 19 Posts
View nextlevelpaintco.'s Photo Album My Photos
Default

Quote:
Originally Posted by Rich View Post
Ok, so I'm finally putting my guy on comp and payroll. Payroll is free through Bank of America (hallelujah) and the quote I got for comp was $4900 for the year....she mentioned something like $16 per every $100 paid....

does that sound high? just curious...these numbers are all new to me.
that price must be for 40 or 50k in payroll around here at nation wide the bare minumim is 900 wich covers up to 12,000 in pay roll the more you get up front the cheaper the rates.also you can get up to 330k of general liability for around th same price.most ins co. want the whole thing up front but nation wide will take 30%down and work the rest in payments.
nextlevelpaintco. is offline   Reply With Quote
Old 08-01-2007, 10:09 PM   #9
FT painter/FT dad
 
Rich's Avatar
 
Join Date: Apr 2007
Location: Connecticut
Posts: 1,254
Rewards Points: 500
Thanks: 0
Thanked 9 Times in 8 Posts
View Rich's Photo Album My Photos
Default

It's for $28K in payroll. Not sure of the company, my agent said I could finance everything, but I'm still not sure whether or not $410 per month is outrageous or what I should have expected to pay.
__________________
Never work just for money or for power. They won't save your soul or help you sleep at night. Marian Wright Edelman
Rich is offline   Reply With Quote
Old 08-02-2007, 07:19 AM   #10
Senior Member
 
Dave Mac's Avatar
 
Join Date: May 2007
Posts: 4,540
Rewards Points: 2,924
Thanks: 4,377
Thanked 2,492 Times in 1,405 Posts
View Dave Mac's Photo Album My Photos
Default

I think the state regulates the rates, but i could be wrong, liability varies huge from company to company.
Dave Mac is offline   Reply With Quote
Old 08-02-2007, 10:40 AM   #11
speed comes with quality
 
Join Date: Jun 2007
Location: NC
Posts: 190
Rewards Points: 150
Thanks: 2
Thanked 29 Times in 19 Posts
View nextlevelpaintco.'s Photo Album My Photos
Default

Quote:
Originally Posted by Dave Mac View Post
I think the state regulates the rates, but i could be wrong, liability varies huge from company to company.
your probably right every co. has about the same rates on w/c.and actualy it's 60% down at nation wide.also I once worked for a cons.co. who built spec houses the co. actualy wanted me to use their w/c on the checks it showed they deducted 7.9% for w/c.that didn't last long the top pay was 1.25 ft .I only done it to get in on the high end mountain homes they built in boone NC wich paid 3.00ft on the outside and 2.50 on the inside with materials supplied by them but when I never got any outsides like i was promised(they used another co.) I was gone.
nextlevelpaintco. is offline   Reply With Quote
Old 08-05-2007, 08:48 PM   #12
 
Join Date: Jul 2007
Posts: 8
Rewards Points: 10
Thanks: 0
Thanked 0 Times in 0 Posts
View tintin1101's Photo Album My Photos
Default

look into work comp exempt, you must carry one or the other
tintin1101 is offline   Reply With Quote
Reply

Tags
None

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Hourly rates beacon painting Business, Marketing, and Sales 11 12-02-2008 03:15 PM
Closing Rates vermontpainter Business, Marketing, and Sales 10 06-29-2008 08:42 AM
Workers comp audit ogre Business, Marketing, and Sales 6 04-25-2008 08:39 PM
Production rates ProWallGuy General Painting Discussion 18 01-13-2008 10:08 PM
How many residential guys carry Comp? Kelly Painting General Painting Discussion 28 11-28-2007 06:45 PM


All times are GMT -4. The time now is 05:51 PM.


Powered by vBulletin® Version 3.8.8
Copyright ©2000 - 2020, vBulletin Solutions, Inc.
Content Relevant URLs by vBSEO 3.6.1
vBulletin Security provided by vBSecurity v2.2.2 (Pro) - vBulletin Mods & Addons Copyright © 2020 DragonByte Technologies Ltd.
User Alert System provided by Advanced User Tagging (Pro) - vBulletin Mods & Addons Copyright © 2020 DragonByte Technologies Ltd.
Our Pro Sites Network
ContractorTalk.com | DrywallTalk.com | ElectricianTalk.com | HVACSite.com | PlumbingZone.com | RoofingTalk.com