I’m a sub contractor and the builders do like you said , and take out all their responsibilities and putting on the subs back , and they don’t want pay enough for the subs , to cover all expenses with employees , and all others expenses, because there is a lot of competition they are always looking , for cheap price . Thats why I’m giving up , because on the end of the year a made less money then my employees. That’s not fair . And insurance companies and builders don’t care , they are make a millions of dólares on our back . I think the builders was suppose to cove all that . Because they got the job direct to the home owner and they already charge for all that . The subcontractors are strangled
I don’t know how accurate this is. I watched a video where this lady said if subs didn’t have workers comp, they can sign a waiver where they agree to not make “x” company responsible for any injuries should they occur. Is that even true? If so, how does that work?
Great question. You can have people sign whatever you want, it doesn't mean that liability transfer will hold up in court or that your states Department of Worker's Compensation will accept such a waiver in exchange for worker's comp premiums. It sounds like you're describing a hold harmless agreement. I'd talk to an attorney in your state and get worker's comp in the meantime... You are leaving your business exposed overwise.
I have been asked by a property management company to provide workers comp proof. Ive reached out to my agent but their quotes for a business making 80k a year plus i dont have payroll so they didnt want to move forward with it. What can i do? I dont have employees either.
Great question, but no. Liability insurance and workers' comp insurance are two different policies. Your subcontractor having liability insurance takes some of the liability exposure off your business... however, it does not waive your responsibility to workers comp. They need to have both... Does that make sense?
@@age_of_reason Hi that's a common misconception and not how insurance works. If you are the GC subbing out work and a subcontracting gets incured WITHOUT their own insurance then your insurance company will most likely pay which can increase your premiums for up to three years. If the subcontractor DOES have their own insurance then their insurance will respond, yours will not and there will be no impact to your business. That's why you want subs to have their own insurance.
Hey! My dad recently quit his painting job to open his own painting company, his ex boss recently contacted him he wants to hire his as a subcontractor! What are some questions or concerns my dad should have in mind ??
I’m a sub contractor and the builders do like you said , and take out all their responsibilities and putting on the subs back , and they don’t want pay enough for the subs , to cover all expenses with employees , and all others expenses, because there is a lot of competition they are always looking , for cheap price . Thats why I’m giving up , because on the end of the year a made less money then my employees. That’s not fair . And insurance companies and builders don’t care , they are make a millions of dólares on our back . I think the builders was suppose to cove all that . Because they got the job direct to the home owner and they already charge for all that . The subcontractors are strangled
I don’t know how accurate this is. I watched a video where this lady said if subs didn’t have workers comp, they can sign a waiver where they agree to not make “x” company responsible for any injuries should they occur.
Is that even true? If so, how does that work?
Great question. You can have people sign whatever you want, it doesn't mean that liability transfer will hold up in court or that your states Department of Worker's Compensation will accept such a waiver in exchange for worker's comp premiums. It sounds like you're describing a hold harmless agreement. I'd talk to an attorney in your state and get worker's comp in the meantime... You are leaving your business exposed overwise.
Very helpful, thanks!!
Ryan, nice job on this video.
Thanks Kevin!!
I have been asked by a property management company to provide workers comp proof. Ive reached out to my agent but their quotes for a business making 80k a year plus i dont have payroll so they didnt want to move forward with it. What can i do? I dont have employees either.
Hit me up at ryan roguerisk.com and we'll get you squared away.
So a liability insurance policy will not replace the workers compensation exemption ??
Great question, but no. Liability insurance and workers' comp insurance are two different policies. Your subcontractor having liability insurance takes some of the liability exposure off your business... however, it does not waive your responsibility to workers comp. They need to have both... Does that make sense?
I feel like this is a big scam. Get a ghost policy doesn't cover me. I feel extorted by this system.
@@RogueRisk It's a racket. Why would I need WC and my sub need it? Because the company is getting paid from both parties.
@@age_of_reason Hi that's a common misconception and not how insurance works. If you are the GC subbing out work and a subcontracting gets incured WITHOUT their own insurance then your insurance company will most likely pay which can increase your premiums for up to three years. If the subcontractor DOES have their own insurance then their insurance will respond, yours will not and there will be no impact to your business. That's why you want subs to have their own insurance.
Where are y’all out of? Do you service Louisiana?
We can help! Email us at gorogue@roguerisk.com or visit us at roguerisk.com to get started.
Hey! My dad recently quit his painting job to open his own painting company, his ex boss recently contacted him he wants to hire his as a subcontractor! What are some questions or concerns my dad should have in mind ??
He left for a reason … I wouldn’t go back ahaha
Thanks for your video it helped
You're so very welcome Alejandro, we love creating these videos so I'm glad you've found one valuable.
This is reazon why nobody want work today everyone looking for easy money with insurance complaints
Hi I'm not sure what you mean?
Sounds like more of a advertisement