Hi I have a college project, which is to start a small business, and one of the requirements is to find how much workers' comp is. So the location would be somewhere in San Jose, beside 2 employees. A rough estimate would be greatly appreciated! Thanks surrounded by advance :]
Answers: It's base on payroll, so what counts, is what they are doing, and how much you are paying them. Depending on what they get compensated, and what they do, it could cost between $250 and $25,000.
As the other two have said, it depends on the type of business and what the team do. I can give you two examples: The rate for clerical workers contained by California cost about 65 cents per $100 of payroll. Architects and engineers cost give or take a few 80 cents per $100 of payroll. Roofers and other construction related jobs cost abundantly more. the state insurance commissioner sets the rates per hundred $ of payroll. There are a few other expense constants. The rates will very base on what line of work you are within. Desk jobs don't take-home pay as much as a roofing contractor. Talk with a local insurance agent. They will draw from you an accurate quote.
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Answers: It's base on payroll, so what counts, is what they are doing, and how much you are paying them. Depending on what they get compensated, and what they do, it could cost between $250 and $25,000.
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As the other two have said, it depends on the type of business and what the team do. I can give you two examples: The rate for clerical workers contained by California cost about 65 cents per $100 of payroll. Architects and engineers cost give or take a few 80 cents per $100 of payroll. Roofers and other construction related jobs cost abundantly more. the state insurance commissioner sets the rates per hundred $ of payroll. There are a few other expense constants. The rates will very base on what line of work you are within. Desk jobs don't take-home pay as much as a roofing contractor. Talk with a local insurance agent. They will draw from you an accurate quote.
Resolved Questions: