...plus worker's compensation insurance...Out of curiosity, and because it might help me in my work (insurance sales and agency management), do your employees keep time cards/booklets for hours worked under various WC class codes?Construction trades tend to have a pretty wide variance in WC premium charges per $100 of payroll, from interior painting and trim, cabinet and flooring installation, to roofing, by way of example. Here, contractors can break up salaries paid by class code, but time cards are, generally, required for support, at least under policies written through the NCCI (National Council on Compensation Insurance.) Generally, the insurers won't just "accept your word for it", w/o supporting documentation, including time cards... somewhat of a PIA, but can save $10 to $20, give or take, in WC premium per $100 of payroll. If an insured is unable to adequately document/support, insurers tend to charge the highest class code premium, across the board. We've insured a number of small GCs who provided various construction functions, for whom we managed to help save several thousand per year in WC premiums, by way of going through this matter with them, but I am not sure how they specifically coped with the bookkeeping detail chores required... and, I am interested in learning more specifics to, hopefully, find a least inconvenient and efficient way (or 2) to effectively comply with the reporting requirements.Thanks, very much,Bob
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