Workmans Compensation Premium...

Question

Hi everyone!!! I wanted to start a company and I know that legally, I have to have Workmans Comp Insurance. Can anyone tell me how much the premiums cost? How i can go about it and how much coverage I have to have?

Thank you very much and I appreciate any answers.

Answer 1

Need to know what kind of business. How many employees? Their duties? Gross Sales?

Insurance agent

Answer 2

The answers vary from state to state. Contact 3 or 4 insurance companies that write worker's compensation insurance and inquire from them. Also, your state may well have a state worker's compensation fund that writes insurance for small employers and otherwise uninsurable employers. In California, this agency, the State Compensation Insurance Fund, is the cheapest provider of worker's compensation coverage.

Answer 3

Ask the bank.

Answer 4

Sorry, but if you come to these boards for start up business questions you aren't really ready. (The rate everywhere depends on the type of work employees do and the number of employees.)