Rewire
Senior Member
- Location
- Lake of the Ozarks
we have been subbing out our excavating to remove that classification from our workmans comp. We require a CI from our sub. I cant think of anything else we could sub to save on WC . Any thoughts?
we have been subbing out our excavating to remove that classification from our workmans comp. We require a CI from our sub. I cant think of anything else we could sub to save on WC . Any thoughts?
No excavating at all? Like no shoveling, no ditchwitching, no trackhoe?
For some reason you are avoiding the questions.our first policy we were being classified for everything including 4160V highline work.
4160V highline work.
our first policy we were being classified for everything including 4160V highline work.
For some reason you are avoiding the questions.
Do you have an excavator?
What category are you in and how would your rates go down?
we have someone excavate for us , by not having that classification our rate is adjusted accordingly if we did our own excavating we would have to pay for that classification.Now you dont have to tell the insurance carrier you do your own excavation but if you have an injury and they see you did not carry the classification they can back charge you for it. Now if you are a roll the dice type company go for it but I will not allow our business to be put at risk of potentially thousands of dollars in charges for not being truthful with our carrier. You can do work out of your classification anf your workers will still be covered your carrier will simply go after youm for the added costs. We run an above board business so when we did excavating we had that classification and we paid exrtra now we removed it because we sub the work and we no longer pay for it that is how our rate goes down.
So you are saying that you were excavating in a 0101 Excavation, Road Construction, Land Clearing, NOC rate?
Do you also work under a 0510 Wood Frame Building Construction rate when you nail a board onto a stud for boxes?
we have someone excavate for us , by not having that classification our rate is adjusted accordingly if we did our own excavating we would have to pay for that classification.Now you dont have to tell the insurance carrier you do your own excavation but if you have an injury and they see you did not carry the classification they can back charge you for it. Now if you are a roll the dice type company go for it but I will not allow our business to be put at risk of potentially thousands of dollars in charges for not being truthful with our carrier. You can do work out of your classification anf your workers will still be covered your carrier will simply go after youm for the added costs. We run an above board business so when we did excavating we had that classification and we paid exrtra now we removed it because we sub the work and we no longer pay for it that is how our rate goes down.
I hate to call you out on this but you are talking out of your rear end. You haven't really even talked to an insurance agent have you. Hand digging and trenching are part of the trade. Now if the majority of your income comes from excavation things might be different but that is not what you are talking about are you.
Are you saying that I don't run an above board business?
hand dig only.
I understand that he might save on liability insurance but here again some excavation is included in the electrical classification.
I am asking what percentage of WC he is saving because I don't really thing he is saving anything unless he was misclassified.
Then he tries to bash me and my business. Good luck with that as I started in 94 as a one man shop and now have a nice
business with almost no real debt. Oh and rewire, I have two trenchers, so I might know a tad about the insurance side of it.