Workers comp quote

Discussion in 'Experienced Truckers' Advice' started by Jasonar15, Jul 12, 2018.

  1. Jasonar15

    Jasonar15 Medium Load Member

    669
    518
    Aug 6, 2017
    0
    got a workers comp quote today for $25,000 for a year. Trying to get company on W2
     
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  3. MM71

    MM71 Medium Load Member

    691
    814
    Jun 28, 2008
    AZ
    0
    That number is big ... but, has no context. Work comp is usually so much of a percentage of an employees earnings. Anywhere between 2 and 7 percent dependent on state. SO, if you have a bunch of well paid employees 25k may be a bargain.
     
  4. Jasonar15

    Jasonar15 Medium Load Member

    669
    518
    Aug 6, 2017
    0
    A little over 10% but does it go down like insurance without claims?
     
  5. Jasonar15

    Jasonar15 Medium Load Member

    669
    518
    Aug 6, 2017
    0
    4 employees
     
  6. MM71

    MM71 Medium Load Member

    691
    814
    Jun 28, 2008
    AZ
    0
    Yes ... but I would shop rates. I have no clue what state you are in ... but that seems high. I started at 6% in arizona. Four years later am at .75%
     
    KB3MMX Thanks this.
  7. Jasonar15

    Jasonar15 Medium Load Member

    669
    518
    Aug 6, 2017
    0
    This is my best rate so far. I’ve got quote as high as $47,500. Running the numbers on 4 trucks and expenses the 25k is very well manageable.
     
  8. Jasonar15

    Jasonar15 Medium Load Member

    669
    518
    Aug 6, 2017
    0
  9. Jasonar15

    Jasonar15 Medium Load Member

    669
    518
    Aug 6, 2017
    0
    They told me rate is high due to never having workers comp. but glad to know it will go down if no claims.
     
  10. Ruthless

    Ruthless Road Train Member

    7,615
    74,392
    Aug 28, 2010
    The City.
    0
    Ins told me my state is 17% of earned income.
    Ie 1 employee @ $100k wages would be $17k for workmans comp; same as 2 employees @ $50k each.
     
    KB3MMX and blairandgretchen Thank this.
  11. My-Ke

    My-Ke Light Load Member

    Does that $25,000/yr cover workmans comp for all 4 of your drivers?
     
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  • Draft saved Draft deleted