Is it typical for a six-person, small-scale paving company in Connecticut to have to pay $15,000.00 year for workman’s compensation insurance? It appears suddenly elevated. (Payroll is around 175,000.)
Wow, $15,000 for worker’s comp does sound steep… I’ve worked with small businesses before, and insurance costs can really surprise you. Maybe your rates went up because of recent claims or changes in the policy. It might help to shop around or talk to an agent to see if there’s a better deal.
Indeed, that is inexpensive. Imagine having to cover a wounded worker’s lifetime medical expenses and income.
How is yours so cheap, dude? With three employees, our annual salary is currently $22,000. I received three quotes, and they are all the same.