Does anyone have a good source/company for Workman's comp insurance. My current policy is coming up for renewal, want to see if someone might have a better rate. I am located in California.
Thanks Scott
I don't have a policy. In Florida it isn't required unless you have 3 or more employees.
June
I was going to say I've never bought it. I think most folks here are one man or mom and pop shops. My employes have always been part time and the states I've lived in don't require it. Yet.
No employees
In California you are required to have it. It is very expensive. It is based on your payroll. You pay so much per $100 of payroll.
In my case I have two employees. I used to classify them both under Upholsterer. But I just found out that the rate for a seamstress is cheaper than for the upholsterer. Just switched to Farmers for my Workman's comp Insurance. They were about $1,100 cheaper than what I was paying with my other company.
No employees here either. In Ohio a few years ago, the workmen's comp fund got invested in some shady "coin" deals. My daughter's father-in-law operates a bakery and their rates went way up following that.