Currently my address is in GA and my customers require me to have a workmans comp. policy. I project manage audio video type work and don't have any employees, so I purchased the least expensive "ghost" policy (it doesn't cover me if I'm hurt on the job - supposedly it covers all my subs). I sub out all my work to solo technicians around the USA and Canada who don't carry any workmans comp (they are not required too). In GA I am required to pay 11.5% of the wages paid to these techs to cover their "non coverage".
The underwriters say there is absolutely no way around paying the premium if I live and am incorporated in the state of GA. Are there any states that don't require the 11.5% premium to be paid?
Is there a different type of coverage I should have?
workeres compensation rates vary by state as each state has differing benefits and costs. There is no other insurance that offers an employer the protection that workers comp does.
The protection is not only the comp benefits for the employees but also the bar to a civil lawsuit should you have a claim.
You might check whether the comp policy also covers employers liability. This is protection for non-injury exposure like discrimination and fair employment practices.
workeres compensation rates vary by state as each state has differing benefits and costs. There is no other insurance that offers an employer the protection that workers comp does.
The protection is not only the comp benefits for the employees but also the bar to a civil lawsuit should you have a claim.
You might check whether the comp policy also covers employers liability. This is protection for non-injury exposure like discrimination and fair employment practices.
Thank you for the info.... Which states have the lowest requirements (percentages)?
there is no one rate for every type of occupation. Most states vary the rate by the risk or activities. I don't know of one place where you can get every rate for every state. of course rates change every year and every carrier has their own rates. I'd recommend you contact an insurance broker.
I believe oregon publishes an historical record of comparative rates by state every couple of years
http://www4.cbs.state.or.us/ex/imd/exter...temID=1998