Worker's Comp Ins.

I'm trying to fin info on what worker's comp insurance costs, for general OTR drivers, 48 states.
If one day in the future I had wanted to purchase another truck and wanted to stick a driver in it, if by chance I did find a good one, then what would the normal rate be? I think every state is different, but I am in MI.
I also thought I had read MI does it differently than most other states, but again, not sure.

I thought I had read that for this particular industry it's somewhere around 10-12% of what they get paid but I'm not entirely sure. Seems it could be more. I would pay on a W2. So I'm currently guesstimating that if I had paid a driver a salary of $60,000 per year, then the insurance would cost another 6-8 thousand on top of that, plus I know I'd pay half of the employment taxes, half of 15.3% if that is what it still happens to be during the year I hire.

Also is it standard to purchase worker's comp for myself for driving my own truck, or would OCC/ACC insurance suffice?

Can others share their experiences?

Thanks a lot in advance for any and all replies.

 

Thanks for the replies.
"All employers are required by Michigan Law to carry a workers compensation insurance policy. There are NO exemptions provided for workers compensation insurance."

So I would have to have WC, unless they are not an "employee" which means I'd pay on 1099, but I won't do that. I've already been down that road as a 1099 "contractor", didn't turn out too well.

I did find one quote, of 6.3% of pay.

 

Well I worked for an O/O who was leased onto a carrier. I got backed into at Pilot one day while parked. The O/O decided I had to pay the $2,500 deductible to fix the truck. So he withheld 2.5 weeks of pay.

Since I wasn't an employee, I wasn't covered by normal labor laws, so in order to get recourse, I had to convince the department that I was mis-classified. Also had to get copies of all the checks I received that year, which cost me $80, had to make copies of all my log sheets, and copies of all dispatches that I was on. I did the same route every week. I also was not able to collect unemployment, even though the reason I quit was because I wasn't getting paid. I ended up getting $900 for it all.

Bottom line is if you drive someone else's truck, they pay for all the expenses, and it's the only job you have or can have (you're not "contracting" out your services to more than one source of work), you're considered an employee by law and have to be paid like one. W2, tax withholding, etc.