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!
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!