Workers' Compensation: Mandatory Coverage

haven't talked much about workman's comp now I know there's different rates in workman's comp for different positions inside of industries for instance like in the landscaping trade any time a guy has run in a certain piece of equipment I know that if a percentage of that time he's running a piece of a different kind of piece of equipment I may get charged more I may have to pay more into workman's comp because they're running this piece of equipment or if they run something else over here my charge rate may be a lot lower what what are just walk us through some of the things I want these guys to walk away feeling comfortable when they go to meet with their agent what they should be looking for in ways that they can cut their own bills down so that they can get it within you know a reasonable amount yeah well the good news bad news with workers comp it's highly regulated it's very structured in the class codes so for instance the the cheapest rate of all is what we call clerical so if you just have office people they're not using vehicles during the day they're just they're just pushing paper that's a cheap rate let's say 30 cents per hundred of every payroll that they do now you got a guy that might be a roofing contractor and you know he's up on roofs of heights of whatever now his rates gonna be much higher the key with workers comp is you have to have a policy if you're an employer and have a minimum work comp policy it's in place because the Department of Commerce's will make an example out of employers small businesses would be the ones that typically get hit with this if you don't have a work policy in place and you have an employee you will get fine they will make examples idea we've had many discussions about this with people that work for the Department of Commerce and also lost control people with you know they hunt for the small business owner they would if somebody were to you know say hey I work for ABC company and I know he didn't pay work comp on me and I got injured once and he paid me out of pocket that kind of stuff it might feel good at the time if you have an employee but then selected enemies you can come into play pretty quick if somebody gets hurt bad because there's no benefits there for that employee even if they're best friends with the business owner and the business and they agreed that's okay you don't have to cover me you've got to have absolutely got a hundred percent that would be one of my cardinal rules quick question for…