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Trucker Legal Advice Discuss issues related to trucking laws, traffic laws, employment laws and more here. We have a trucker/lawyer who will do his best to answer your legal questions. We are NOT responsible for the accuracy of ANY advice given. Use your heads, please.

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^ Top   #1   09.03.2009

razorcbl Bobtail Member   Last Seen: 09.04.2009 08.47 AM Member Since: Nov 2007 Location: Chicago IL Trucker? Student Age: 23 Posts: 15 My Trucking Photos: 0 Thanks: 0 Thanked: 0 Times

Workers Compansation Question Owner Operator- Last year did not have payrol setup and basic workers comp for the whole yeah was $1000 This year we have payroll for 1 worker the owner this year its 7,000 / year is this because we have payrol now? There is 1 driver and no other workers. (Workers compensation is Required by the company we contract with) Why the jump in price? no accidents maybe misinformation on our agents side? Not really sure what i should be asking for any advice? What types of workers compensation are there when driving? Thanks

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^ Top   #2   09.03.2009

Pawnd Medium Load Member   Last Seen: 5 Days Ago 12.56 PM Member Since: Apr 2009 Location: We have ignition! Trucker? WannaBe Posts: 315 My Trucking Photos: 0 Thanks: 51 Thanked: 114 Times

You really need to ask this of your insurance agent. Rates and laws concerning WC vary greatly state to state. The one consistent thing is that it is based on a percentage of wages paid at a specific experience rate. Usually it is an audited premium, meaning they audit the payroll at the end of the year and determine if the estimate was correct. Then you either get a refund or have some due. General good business says to be as accurate as possible, but to error on the short side and pay some after the audit. The insurance company nor the government should get interest free loans. __________________

^ Top   #3   09.16.2009

GreatFloridaInsurance Bobtail Member   Last Seen: 3 Weeks Ago 06.21 PM Member Since: Sep 2009 Location: Ft Lauderdale, FL Trucker? No Answer Posts: 3 My Trucking Photos: 0 Thanks: 0 Thanked: 0 Times

Quote: Originally Posted by Pawnd You really need to ask this of your insurance agent. Rates and laws concerning WC vary greatly state to state. The one consistent thing is that it is based on a percentage of wages paid at a specific experience rate. Usually it is an audited premium, meaning they audit the payroll at the end of the year and determine if the estimate was correct. Then you either get a refund or have some due. General good business says to be as accurate as possible, but to error on the short side and pay some after the audit. The insurance company nor the government should get interest free loans. This is very good information. As an insurance agent I can tell you that adding one employee to payroll from zero should NOT uprate you by $6,000. Rates vary state to state as mentioned above, but your best bet is to check with your agent. Payroll and class code are the driving factors in your workers comp policy. __________________ Feel free to ask me any insurance questions!

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