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!
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 taking the time and sharing with this helpful information
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
W/C rates just went to 80% in Ca, for 2023.
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!
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