Workman’s comp insurance quotes are rising in every state. The construction industry has been the hardest hit in regards to rising workman’s compensation insurance premiums. The construction industry have some of the highest workman’s compensation insurance rates with good cause. Construction jobs are some of the riskiest professions to insure. The rate of injury is very high compared to other industries. Some of the hardest hits professions within the construction industry are roofers and painters because of the amount of time they spend on ladders and the increased risk of a fall. Workman’s compensation insurance for roofers can be one of the most costly necessities of their business. The workman’s compensation insurance rate for roofers in Georgia is over 30% of the employee’s salary. Which means they must pay $30 for every $100 they pay their employees. This can be cost prohibitive, especially for smaller companies that do not have the revenue to support these costs. It can also be extremely hard for a smaller roofing company or general contractor to obtain a workman’s compensation insurance policy because of the increased risk of a very expensive claim. That’s why a lot of roofers are turning to employee leasing companies to manage their employees. They employee leasing company will cover the employee under its workman’s compensation insurance policy. The employee leasing company handles all human resource responsibilities for the client company including payroll tax calculation, federal and state regulatory compliance, workman’s compensation insurance coverage, and insurance claims. If you’re a roofer, painter, or general contractor; employee leasing may help your business stay compliant with employment laws including the laws that demand workman’s compensation insurance coverage for employees.
