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Workman's Comp Insurance for Roofing and GC
Hello,
My contractor is having trouble finding affordable Workman's comp insurance to cover her General Contractor Business. She also does roofing as well. Any recommendations for affordable companies that provide this coverage in Northwest Indiana? Work will be in Highland, IN.
#2 Insurance Contributor
- Insurance Agent
- Nationwide
@Cameron Martin WC rates for GC & roofing are typically 20-35% of the total payroll. So, $100k of payroll would generate $20k-$35k in WC premiums. Without knowing the situation I believe she is just unaware of the true cost of the WC.
#3 Rehabbing & House Flipping Contributor
- Flipper/Rehabber
- California
Quote from @Cameron Martin:
Hello,
My contractor is having trouble finding affordable Workman's comp insurance to cover her General Contractor Business. She also does roofing as well. Any recommendations for affordable companies that provide this coverage in Northwest Indiana? Work will be in Highland, IN.
Jason's comment is spot on, IMHO she should find a very good insurance broker, they're allegiance is to the customer.
#1 Contractors Contributor
- Contractor/Investor/Consultant
- West Valley Phoenix
- 12,750
- Votes |
- 11,181
- Posts
#1 Contractors Contributor
- Contractor/Investor/Consultant
- West Valley Phoenix
Quote from @Jason Bott:
@Cameron Martin WC rates for GC & roofing are typically 20-35% of the total payroll. So, $100k of payroll would generate $20k-$35k in WC premiums. Without knowing the situation I believe she is just unaware of the true cost of the WC.
That's not too bad, back in Cali I used to pay 50% on my GC crew. And the roofers paid 100% IIRC....
#1 Contractors Contributor
- Contractor/Investor/Consultant
- West Valley Phoenix
- 12,750
- Votes |
- 11,181
- Posts
#1 Contractors Contributor
- Contractor/Investor/Consultant
- West Valley Phoenix
Quote from @Cameron Martin:
Hello,
My contractor is having trouble finding affordable Workman's comp insurance to cover her General Contractor Business. She also does roofing as well. Any recommendations for affordable companies that provide this coverage in Northwest Indiana? Work will be in Highland, IN.
Wait a minute, if you don't mind my asking, why are you looking for insurance for your Contractor?
Quote from @Jason Bott:Thank you very much, that is helpful.
@Cameron Martin WC rates for GC & roofing are typically 20-35% of the total payroll. So, $100k of payroll would generate $20k-$35k in WC premiums. Without knowing the situation I believe she is just unaware of the true cost of the WC.