Insurance $s

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jjhoward

Senior Member
Location
Northern NJ
Occupation
Owner TJ Electric
Not sure how many of you have someone "all over" your insurance premiums.

But I just saved about $3K of annual premiums today after visiting my insurance agent.

In NJ your workers comp AND your liability are based on your pay roll.

We lost/let go one apprentice this past summer, and all year our hours have been sliding.

Essentiially I did an on the spot pay roll audit with my agent and we adjusted both the WC and liability policy.

The premiums are still crazy but at least they are $3K less crazy. To a small shop like mine this visit was almost as good as getting flagged at my favorite bar!
 
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