I have a small roofing company in murfreesboro, tn. I have general liability and work comp. Right now, I'm excluded from my work comp and none of my workers are on my GNRL liability that i just got. I plan on things picking up and i honestly want to do things right but here is what they are telling me. IF I add employees to my GNRL liability it shoots up substantially. But the bigger problem is work comp. How can I lower my work comp?? Right now they say that I have to pay 28% of their wages into work comp?!?! So I have to pay 28% of their wages into work comp and that doesn't included taxes! So my foreman making $18 an hr is only going to be making $10 an hour (after 20% tax rate, and 30% work comp)...
There must be something I don't know about or roofing companies are taking on large risks for nickels and dimes. How can i lower than? branch out? any ideas? help?!?!
There must be something I don't know about or roofing companies are taking on large risks for nickels and dimes. How can i lower than? branch out? any ideas? help?!?!