Workers Comp requirement - REO Property Preservation Forum
Reply
 
LinkBack Thread Tools Display Modes
post #1 of 62 (permalink) Old 01-25-2016, 11:36 PM Thread Starter
Junior Member
 
Join Date: May 2013
Posts: 26
Thanks: 0
Thanked 2 Times in 2 Posts
Workers Comp requirement

How many have it and is there a way around not having it and satisfy the nationals. If you do have it is it expensive,
bigheaded is offline  
Sponsored Links
Advertisement
 
post #2 of 62 (permalink) Old 01-26-2016, 03:23 PM
Member
 
Join Date: Aug 2015
Location: Florida
Posts: 35
Thanks: 17
Thanked 10 Times in 8 Posts
The way around here is have less than four full time employees and getting a waiver from your state. I am in Florida and work solo for the most part so I have an exemption waiver. I do work for one National, but being a crew of one can limit what you can do etc etc and could be a negative in a "Nationals" eyes.
Fantasticfordme is offline  
post #3 of 62 (permalink) Old 01-26-2016, 08:24 PM
Senior Member
 
Join Date: Mar 2015
Posts: 457
Thanks: 2
Thanked 70 Times in 56 Posts
I refuse work for any national that requires that insurance. If my state doesn't require it because I have no employees, then why would I get an insurance that I can't use in the event I get hurt on the job. Waste of time, and any company that I have spoken to that requires it has really low pricing anyway.
madxtreme01 is offline  
The Following User Says Thank You to madxtreme01 For This Useful Post:
PPCADDY (01-26-2016)
Sponsored Links
Advertisement
 
post #4 of 62 (permalink) Old 01-26-2016, 10:19 PM
How I wanna be a PP Pro
 
Wannabe's Avatar
 
Join Date: Oct 2012
Location: USA
Posts: 1,103
Thanks: 232
Thanked 1,277 Times in 562 Posts
Guys and gals.... Purchase WC on yourself and be done with it. Don't tell me you can't...it's because you don't want to spend a few of your big earnings to protect yourself in case you get hurt on the job.

As I've stated many times....if you don't carry WC on yourself I would never sub you any work either. Tomorrow I have 1 3-man demo crew, 2 plumber assistants and a 1 man electrician shop working on my job site and they know "no WC, no CGL means no work"
Wannabe is offline  
post #5 of 62 (permalink) Old 01-26-2016, 10:35 PM
Senior Member
 
Join Date: Aug 2014
Posts: 147
Thanks: 2
Thanked 62 Times in 36 Posts
There are inherent risks in this line of work. Not getting into specifics but regardless of if its workers comp or regular health insurance, you need to make sure you're covered. If you're injured on a job site and file it on your personal health insurance, they may conduct an investigation and look for a 3rd party to hold liable, i.e. The homeowner or the national.
NCnewbie is offline  
post #6 of 62 (permalink) Old 01-27-2016, 09:30 AM
Senior Member
 
RichR's Avatar
 
Join Date: Sep 2012
Location: New York
Posts: 232
Thanks: 58
Thanked 125 Times in 63 Posts
Quote:
Originally Posted by Wannabe View Post
Guys and gals.... Purchase WC on yourself and be done with it. Don't tell me you can't...it's because you don't want to spend a few of your big earnings to protect yourself in case you get hurt on the job.

As I've stated many times....if you don't carry WC on yourself I would never sub you any work either. Tomorrow I have 1 3-man demo crew, 2 plumber assistants and a 1 man electrician shop working on my job site and they know "no WC, no CGL means no work"

In New York State WC does not cover the owner or officers so If your a one man band, getting it serves absolutely no purpose. Now If I hire a one man band that does not have it because it serves him no benefit, I will be paying for it on him come audit time. So yes I tend to only hire guys that have it.
RichR is offline  
post #7 of 62 (permalink) Old 01-27-2016, 09:57 AM
Super Moderator
 
PropPresPro's Avatar
 
Join Date: Apr 2012
Location: Big Sky Country
Posts: 1,208
Thanks: 423
Thanked 929 Times in 465 Posts
Quote:
Originally Posted by Wannabe View Post
Guys and gals.... Purchase WC on yourself and be done with it. Don't tell me you can't...it's because you don't want to spend a few of your big earnings to protect yourself in case you get hurt on the job.

As I've stated many times....if you don't carry WC on yourself I would never sub you any work either. Tomorrow I have 1 3-man demo crew, 2 plumber assistants and a 1 man electrician shop working on my job site and they know "no WC, no CGL means no work"
No thank you.
I have had 2 seperate WC policies over the years, but that was only because I had employees at those times. However, I have been self insured for 20 years now & am still ahead of the WC game. Even after loosing half a finger on the job 15 years ago, and paying for a stitch or 2 over the years. I know quite a few people, 2 of them being my parents, who have been fighting with WC for way too many years to try to get them to provide the coverage they were paid well to provide. Nope, at this point of my carreer, if you tell me you're going to require me to have a WC policy on my sole proprieter self, you're fired.
Then again I do live in one of the last areas of the country where blood sucking lawyers still routinely get chased out of town by juries when they try to frivolously litigate the assignment of liability.

Iíve already told you more than I know.
PropPresPro is offline  
post #8 of 62 (permalink) Old 01-27-2016, 02:33 PM
How I wanna be a PP Pro
 
Wannabe's Avatar
 
Join Date: Oct 2012
Location: USA
Posts: 1,103
Thanks: 232
Thanked 1,277 Times in 562 Posts
PropPresPro,

I agree that WC is a sob to collect (they are sneaky baturds) but you missed the point... WC requirement is NOT about you but the hiring party.
Wannabe is offline  
post #9 of 62 (permalink) Old 01-27-2016, 03:15 PM
Senior Member
 
Zuse's Avatar
 
Join Date: Nov 2012
Location: SOUTH/SOUTH EAST/ COASTAL OUTER BANKS
Posts: 688
Thanks: 1
Thanked 470 Times in 244 Posts
Quote:
Originally Posted by Wannabe View Post
PropPresPro,

I agree that WC is a sob to collect (they are sneaky baturds) but you missed the point... WC requirement is NOT about you but the hiring party.
Down in the south WC is nearly impossible to collect or much less pay off a claim.

Ive had quite a few of my guys get hurt on the job, one of my guys that had insurance through his wife company ran a chain saw across his foot. Cut through his boot and deep into his foot, needless to say i paid the bill 16k worth of doc bills.

Its has always been cheaper to pay the bill than make the guys get the coverage, plus its tax deductible.

Over the years Ive sent close 45k of doc bills, one of my guys cut half his finger off.

Both guys are still with me and would walk threw fire for me because Ive helped them.

To force a contractor to get WC with the pay scales of today is pointless, but that just my option.

If you are just working for yourself its great, but company wise its impossible to collect and you still have to pay out.

Its more important to me to make friends and be able to count on them when i need them because they can count on me when they need me. Hell i would go broke for anyone of my team. Their is inherit risk in very business, Your more likely to get sued while one of your crew is going to a job and runs into a car while working for you. And work orders are flying through the air.

As a company you have to decide whats important for you and those that come along with you on this wild ride we call P&P.

You will never know how important a network of contractor and friends is until you need them.
Zuse is offline  
The Following User Says Thank You to Zuse For This Useful Post:
PropPresPro (01-27-2016)
post #10 of 62 (permalink) Old 01-27-2016, 05:53 PM
Super Moderator
 
PropPresPro's Avatar
 
Join Date: Apr 2012
Location: Big Sky Country
Posts: 1,208
Thanks: 423
Thanked 929 Times in 465 Posts
Quote:
Originally Posted by Wannabe View Post
PropPresPro,

I agree that WC is a sob to collect (they are sneaky baturds) but you missed the point... WC requirement is NOT about you but the hiring party.
I'm not so sure I misunderstood. Your post stated that those who are choosing to not acquire a WC policy are doing so because "you don't want to spend a few of your big earnings to protect yourself in case you get hurt on the job." I do not need a WC policy to protect myself, I have much better options in place for that very purpose.

True, the requirement to have a WC policy is solely up to the hiring party. But the option to not work for those companies is solely up to me. I have excercised that option every time I have been faced with it in this industry and I'm confident that it hasn't cost my bottom line at all.

Iíve already told you more than I know.
PropPresPro is offline  
The Following User Says Thank You to PropPresPro For This Useful Post:
PPCADDY (01-31-2016)
Reply

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the REO Property Preservation Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in










Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode



Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome