howardrichman
Senior Member
I've been licenced and worked in this industry for 30 years, I usually work alone and charge a fair rate to residential customers. At times I'll get some decent work from the local General building contractors. It seems recently in the last couple of years, I'm getting requested more than ever for a certificate of insurance w/ workers comp included w/ my liability insurance. The coverage is based on a minimum of $32K, and will cost me approx. $2000 yearly additional. Two of these contractors are threatening to drop me w/o it. They tell me they'll have pleanty of work for me to cover it, thats a gamble on my end; but; if so,as i see it my rates for them will have to increase or add an amount to the contract bill, after I divide the few builders I'de work for, which they'll see and be objective esp. getting the smaller 1 or 2 day jobs . I'm sure your all going through this if you operate a medium/large business with employees, but what does the sole electrician do? The rate is something like $5.5 per hundred of labor, which is easy to calculate before bidding or giving a bill, and just have them deduct that amount. The builders make it sound like a chore for them or their insurance auditor to calculate. They'll usually keep pushing for it, or just send the last payement w/ a big chunk deducted out, or the threat of holding the last check indefenetly till i get the insurance. Not Easy!
any help appreciated...
HR...
any help appreciated...
HR...