Work Comp Insurance and Rates for Landscaping
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30 years experience working with Landscaping Companies
With Right Works Comp Solutions, you have come to the right place – We have great insurance options for you!
- Free G/L, Workers Compensation and Bonding Quotes.
- 5 new Work Comp Programs including Professional Employer Organization (PEO’s) / EOR’s/ State Funds Policies/ Private Carrier Policies/ Multi State Programs and more work comp and G/L programs tailored to you.
- Pay as you go work comp plans. Full and partial health benefits options.
- G/L and Workers Compensation Programs with No Deductible and No Deposit Available.
- Right Works Comp Solutions works with all different types and sizes of landscaping companies.
- Insurance coverage for start ups and mature landscaping companies.
- All G/L and workers compensation histories considered for underwriting.
- All Landscaping codes covered for work comp.
- All G/L and workers compensation options available.
- Help with payroll funding as well!
Large Account Premium ($250k+)
- Greater flexibility with premium payments
- Customized Risk Management Program design and execution
- Greater attention from carrier
- Lower work comp rates
- Possible tax savings
- Most appropriate for light and heavy industrial codes.
- Applicable for PEO/EOR/ Private Carrier and State Fund comp programs
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Workers’ Comp Options
Professional Employer Organization (PEO)
Professional employer organizations (PEOs) enable companies to cost-effectively outsource human resource management including workers’ comp. This allows your firm to concentrate on the operational and revenue-producing side of its operations. A PEO option:
- Provides a workers’ comp solution often with less expensive rates than some direct carriers and State Funds (depending on your comp loss experience.)
- Administers workers’ comp claims
- Manages employee benefits and payroll
- Manages payroll tax compliance
- Administers unemployment insurance claims
- Manages health benefits
As employee related requirements become more and more complex, a PEO solution assumes all these human-resource management responsibilities using a business model identical to ADP’s or Paychecks. A PEO provides integrated services to effectively manage critical human resource responsibilities and employer risks for clients. A PEO delivers these services by establishing and maintaining an employer relationship with a your company’s employees, and by contractually assuming certain employer rights, responsibilities, and risks.
Your company still controls the daily management of employees and controls all aspects of the employees’ work schedules.
Thousands of companies use PEOs, and estimates show 2-3 million Americans are currently “co employed” through a PEO. Even though there are over 800 PEOs in 50 states, Right works Comp Solutions has found only about ten PEOs that specialize in servicing the heavy industrial industry codes. These PEOs manage between $136 billion and $156 billion in gross revenues. PEOs have an 88 percent client retention rate due to strong client satisfaction.
Employer of Record (EOR) Programs
An Employer of Record/ EOR is different than the State Fund because an EOR covers the employees for work comp AND processes their payroll (and pays all payroll taxes and manages their HR) on a “pay as you go” basis. Also in an EOR arrangement, the employees are 100% the legal responsibility of the EOR. Conversely, with a State fund comp program, the employees are 100% the responsibility and liability of the company owner.
The relationship between the EOR and your company is usually invisible to the employees. The EOR does not communicate with the employee unless given your approval. Though the employee will complete an EOR Application, they can be “co branded” with your cos logo and name. As are the pay stubs as well.
Below are the benefits of using an EOR (versus the State Funds) for work comp:
- Provides a workers’ comp solution often with less expensive rates than some direct carriers and State Funds (depending on your comp loss experience.)
- Administers workers’ comp claims.
- Manages employee benefits and payroll processes.
- Manages payroll tax compliance.
- Administers unemployment insurance claims.
- Workers compensation payments are “pay as you go.” Usually no upfront deposits are required.
- Charges between 1.5-2.0% of payroll for providing all administrative services.
- Often lower deposit than state fund
Over 5000 companies use EOR’s in the US. Right works Comp Solutions only works with a few EOR’s because Right Works Comp Solutions only uses EORs that are very experienced in ALL comp codes, and have deep work comp carrier relationships. Some EOR’s are not experienced in your industry and should be avoided. Right Works Comp Solutions preferred EOR’s all have client bases of over 300 clients each, and have been in business for at least 20 years.
State Sponsored Work Comp Program
State-sponsored work comp policy —frequently referred to as the “State Fund or State Pool” in many states–pays benefits to workers who become injured or disabled in the course of their employment. All states require employers to cover the cost of work related injuries or illnesses, but not all employers can get their coverage through a private carrier, PEO’s, EOR’s or other work comp programs. Employers in high risk industries (ie oil and gas for example) or with high experience modifications (X-Mods) are frequently turned down by less expensive work comp options and must turn to the state funds. All states are required by law to offer some kind of worker’s compensation coverage to all employers. State sponsored programs are not the most economical, and dealing with state bureaucracies can be very time consuming. California, New York, Florida and Pennsylvania have overly bureaucratic and very challenging state managed work comp programs.
If you select a state fund policy as your work comp solution, Right Works Comp Solutions can refer you to an excellent payroll administrative service that specializes in processing your payrolls, and administrating health benefits.
Private Carrier
This workers compensation option is usually only for companies with good workers’ comp loss history, have been in business for at least 1year, and generate premiums of at least $25,000 a year. Some leading insurance companies and markets that offer direct policies include AIG, ULLICO, Guaranty, Travelers, Liberty Mutual, Berkshire Hathaway and Pinnacle. As a result of selecting companies with good work comp histories, their rates are usually lower than a PEO or EOR, and much less expensive than the state funds.
Direct carriers will usually require:
- 15-30% down payment on the annual premium.
- An annual on-site audit that will review class codes for accuracy—rate discrepancies and payroll levels. An audit can be intrusive to your operations, and audit premiums can be unexpectedly substantial.
- Usually at least 2 years of good loss history.
If you select a private policy as your work comp solution, Right Works Comp Solutions can refer you to a payroll service that specializes in processing payrolls and administrating health benefits.
Insurance Carriers We Work With
