I am trying to purchase workmans comp insurance for the first time, for an Employment Agency estimates anyone?
Hi yahooligans!
I am the latest entreprenuer contained by America, we are starting a humble employment agency on a shoestring budget. Our Agency will mostly do business with commercial and residential cleaning companies and the sort. With at lowest 5 employees working full time surrounded by the first month so far and more as positions become available. Can anyone be so kind as to afford an estimate on Workmans- Dissability- Liability policy?
Answers:
OK, these are three different policies, you know? Liability is about $1500 for $50,000 surrounded by payroll - and that's the MINIMUM premium, so if your payroll goes up, pricing go up, but pricing will probably never be below $1500.
Workers comp for janitoral - as in contractors (as unwilling building owner) - is about 22% of payroll. I enjoy no idea what disability is, I've never have a business pay for disability coverage for janitors.
Obviously, you're going to enjoy to contact a local agent to get a more specific quote.
You will involve to speak to a local agent to find a number. They will need adjectives sorts of information from you from what you do with your company to your payroll size. It would be tricky for me to give you a number minus knowing what state, county, payroll, SIC, etc. etc. etc.
So, just look up insurance agents surrounded by the phone book and that will get you going within the right direction.
Good Luck!