| "body"> | | | | him only as a roofer - the rate is much higher. |
| Unanticipated workers' compensation insurance | | | | You can lower workers' comp insurance costs by |
| increases can be costly to your bottom line. While | | | | coding his carpentry time correctly. For audit |
| some aspects of work comp are out of your | | | | purposes, keep accurate records. Never over |
| control, there are steps that your business can | | | | report at lower rates, this is considered fraud. |
| take to save money and lower workers' | | | | Outsource Your Payroll To Qualified Specialists |
| compensation insurance costs. | | | | Sometimes, the simplest solution is to outsource |
| Analyze Estimated Annual Payroll Totals Carefully | | | | your payroll tasks. Skilled payroll processing |
| Your premiums are closely tied to your estimated | | | | companies are trained and educated to calculate |
| annual payroll costs. Looking closely at your | | | | your work comp premiums accurately. A payroll |
| estimated annual payroll costs will help you find | | | | company will not just calculate your state's |
| ways to lower workers' compensation insurance. | | | | workers' compensation amounts- many are set |
| You should do your best when estimating, but | | | | up to automatically withdraw the funds due to |
| you are not expected to have exact figures, | | | | pay the work comp premiums and will actually |
| either. Overestimating your payroll can result in | | | | write and send the check on your behalf. |
| over payment of your workers' compensation | | | | Seek An Employee Leasing Service To Lower |
| insurance and there is no guarantee that you will | | | | Workers Compensation Insurance and Simplify |
| get this money back. Underestimating your payroll | | | | Employer Responsibilities |
| figures can result in owing a large sum in overpaid | | | | An employee leasing company can make your |
| premiums! | | | | role as an employer even easier. You can relax |
| Examine Detailed Employee Payroll Reports | | | | and spend more time focusing on your business |
| Regularly | | | | and the actual management of your employees. |
| Always use correct workers' comp job codes for | | | | Employee leasing companies can take over the |
| employees. Job codes can vary greatly, and you | | | | responsibility and burdens of worrying about high |
| could be paying too much or too little in if your | | | | work comp costs and in many instances, they |
| employees are not coded correctly. For example, | | | | can drastically lower workers' compensation |
| an employee who performs roofing and trim | | | | insurance premiums. |
| carpentry work will cost you more if you code | | | | |