What is the average cost for workman's compenstion insurance surrounded by Florida?

This is for a small 2 person business.
Answers:
It also depends entirely on what thoughtful of business you run. Normally a company w/ less than 6 workers does not need workers comp insurance. (I am a advocate in Florida but don't specialize contained by workers comp so check w/ your agent about the minimum # of team you have to trigger mandatory workers comp insurance, but I come up with the # is 6 still). If you want workers comp even though I don't think you stipulation it given the size of the company, the line of work you are contained by will mostly determine your rate. For instance, roofers have the upmost premiums of everyone. The rates are something like 60 cents premium for every dollar of wages b/c roofers bring hurt a lot and when they bring back hurt, they are out of work for a long time. Other lines of work - a printing business, a real estate bureau, etc. obviously are associated w/ much lower job risks of injury so their rates are very low. Hope that help.

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There ISN'T an average cost. It depends on your payroll and classification - exactly what you do. There's also a MINIMUM PREMIUM, so no matter how little payroll you emphasize, you still have to earnings that amount. Plus, it's audited at the end of the year.

If you cut your question, read aloud EXACTLY what you do (Painting isn't good adequate - it has to be "residential exterior fine art no higher than 2 stories" - VERY detailed) and exactly what the payroll is, you'll be more potential to get a ballpark integer.

Which is a waste of time, as a local agent can offer you a REAL quote.

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