How do others deal with the workers comp situation?

prsroof Said: NEW JERSEY RATE IS 41% WITH THE STATE ASSIGN RISK POOL ANOTHER 17% WHICH I WAS IN FOR THE LAST FIVE YEARS BEING A NEW COMPANY. THIS YEAR NEW POLICY WITH A COMPANY BECAUSE NO CLAIMS 31% NO ASSIGN RISK. BUT I DID GET AUDITED FROM LAST YEAR AND I OWE ANOTHER $87,000.00.

twill59 Said:

prsroof Said: NEW JERSEY RATE IS 41% WITH THE STATE ASSIGN RISK POOL ANOTHER 17% WHICH I WAS IN FOR THE LAST FIVE YEARS BEING A NEW COMPANY. THIS YEAR NEW POLICY WITH A COMPANY BECAUSE NO CLAIMS 31% NO ASSIGN RISK. BUT I DID GET AUDITED FROM LAST YEAR AND I OWE ANOTHER $87,000.00.

If you are surprised, then You shoulda tracked your payroll better

Twill59, That is not necessarily true. We send in our payments according to what we payout. 3 years ago after the audit was done and everything was straight, books were closed out for the year, they came back 3 months later and decided that they would tack on an outrageous amount that just about put me out of business. They also demanded the money in 30 days. What happened to me had nothing to do with tracking or late payments.

Lefty, I'm in a similar situation. The state changed my modification rating, so instantly I get that bill for $6k due in 30 days.

And then yesterday a retired union carpenter from Chicago says he doesn't know how I have to the nerve to give a bid for $305/sq for a 2layer t/o & reroof. I said "wow retired from a life of carpentry eh? The crew you paid 20% less than me probably can't spell retirement, and I'll be lucky if I can!"

Oh, I wasn't the only "a-hole" to bid it that high, there was another a bit higher than me.

Lefty Said:

twill59 Said:

prsroof Said: NEW JERSEY RATE IS 41% WITH THE STATE ASSIGN RISK POOL ANOTHER 17% WHICH I WAS IN FOR THE LAST FIVE YEARS BEING A NEW COMPANY. THIS YEAR NEW POLICY WITH A COMPANY BECAUSE NO CLAIMS 31% NO ASSIGN RISK. BUT I DID GET AUDITED FROM LAST YEAR AND I OWE ANOTHER $87,000.00.

If you are surprised, then You shoulda tracked your payroll better

Twill59, That is not necessarily true. We send in our payments according to what we payout. 3 years ago after the audit was done and everything was straight, books were closed out for the year, they came back 3 months later and decided that they would tack on an outrageous amount that just about put me out of business. They also demanded the money in 30 days. What happened to me had nothing to do with tracking or late payments.

I STAND CORRECTED

I hear ya Clover. All that money they made and benefits they have and not even a clue as to how Peter paid Paul.

I talked to Union Bricklayer about 2 months ago. Time ton replace his 5 yr. old roof that he paid $3,600. I was a little over double that, along with some necessary modifications. He just could not understand the difference in price.

Even telling him that I have reliable employees with a few benefits went sailing Waaaaaaay over his head. Ya think the quality labor thing might've been a selling point..... :laugh: