Worker's comp

[Page]

Just started new wood company in CA and didn't expect worker's comp to cost about 20% of wages. Is this the experience of others in the trade?

 

[FloorMaven]

Just started new wood company in CA and didn't expect worker's comp to cost about 20% of wages. Is this the experience of others in the trade?

Sounds a bit extreme. Hardwood floor laying has a classification code of 5436 in CA, if you look on page 100 of the linked document you'll find the rates between 5-15%.

http://www.insurance.ca.gov/0100-co...-comp-rate-comp/upload/ClassCode5001_6000.pdf

 

[Ernesto]

Any classification that uses power saws is going to be the highest rate.

 

[Jon]

We have ACC here and they know how to charge as well. Its a % on your earnings. Layers are tied in with the builders. I don't know of any layers doing things that builders do. I can't remember the last time I fell off a roof
I just paid about NZ$3700 for last year. I think US$ about 80 cents NZ

 

[Incognito]

This was the company I used for my C-15 license.

http://en.wikipedia.org/wiki/State_Compensation_Insurance_Fund

I've been on inactive status for over ten years and from a difference license classification so I don't know where rates are these days but that's a scary number---------sounds way too high.

 

[Page]

Thanks. I found an agent able to get to be about 11% of wages. Much better but still crazy high.

 

[TreeofLifeStairs]

As a stair builder I just got a quote for 36% for unskilled labor and 15% for journeyman. I've gotten quotes from several places. If one is quite a bit lower than the others I'd be worried that they have you under a wrong classification. I've been told that lately there has been an increase in the amount of wc fraud cases due to the down turn in the economy which is driving up the premiums.