One thing you can do is just completely do away with workers comp and make all your employees their own boss essentially they can carry their own liability insurance you can even pay for it for the year for them. Then technically they’re their own company you 1099 them, they can pay their own taxes get right offs etc. you can still treat them like employees and do all the good stuff work parties trips etc. bonuses. But workers comp is just ridiculous you save the money pay a few bucks for the guys insurance but it’s a little loop hole I learned from an older guy in the industry
Mmill93, going this route of eliminating worker's comp, how do satisfy that this is a mandatory requirement by some clients, particularly governmental agencies, bank and municipalities?
If you’re a subcontractor that has no employees, some states allow them to provide a workers comp exemption or waiver, but requirements vary by state and by contract. But also if you’re on one of them job and each contractor or sub is carry their own you eliminate the false claims of guys getting hurt on the job.
California does not! Sucks - it's one of the most regulated states. What happens as a result? There's a huge difference in price between a licensed contractor with employees and unlicensed folks or people that don't do it correctly and will be out of business in a few years.
