I'm just learning about contractors insurance, workers comp, business taxes, etc. and the one thing that seems to come up a lot is making sure subs carry their own workers comp. Now I see why. That $200K dwindled pretty fast when 35% was ripped out of it. Wow!
Thank you for this information very helpful, I’m 22 years old I just opened my LLC I’m going to start off as a sub I need a little bit more guidance/advice on how I should go about getting my general liability and workers comp you said a big revenue number which I know I won’t reach so I’m guessing saying anywhere from 100,000-250,000 but if you have any more tips it would be very much appreciated!
Do insurance companies look into if you did 60% roofs and 40% gutters and siding? Will they be able to see that you did 99% roofs even tho you said 60%?
Dude work comp is going to kill my biz if we are not careful. I just hired 3 employees for the first time and got hit hard from comp. Funny my roofing biz is Not Just Roofing LLC.
This was very informative. Greatly appreciated!
W/C rates just went to 80% in Ca, for 2023.
I'm just learning about contractors insurance, workers comp, business taxes, etc. and the one thing that seems to come up a lot is making sure subs carry their own workers comp. Now I see why. That $200K dwindled pretty fast when 35% was ripped out of it. Wow!
Thank You 🙏 much needed information and of great help to me!
You're welcome! This advice came from us losing a ton ourselves so I am glad to hear it helped someone!
Great information
Thank you for sharing
Thank you for this information very helpful, I’m 22 years old I just opened my LLC I’m going to start off as a sub I need a little bit more guidance/advice on how I should go about getting my general liability and workers comp you said a big revenue number which I know I won’t reach so I’m guessing saying anywhere from 100,000-250,000 but if you have any more tips it would be very much appreciated!
How much you getting payed a square me rn I’m getting 105 a square
Thank you for taking the time and sharing with this helpful information
Are you able to share who you have General Liability with? Would love to get a quote from a good insurance company that works with small businesses.
How are you getting such a low GL insurance rate? Ours is about $11k on 1 million rev
Do insurance companies look into if you did 60% roofs and 40% gutters and siding? Will they be able to see that you did 99% roofs even tho you said 60%?
Dude work comp is going to kill my biz if we are not careful. I just hired 3 employees for the first time and got hit hard from comp. Funny my roofing biz is Not Just Roofing LLC.
I thought , multiple-trades increases your insurance rate 🤐I was wrong