How much will it cost me for workers compensation insurance in NY if i'm the only

mbrcatz

New member
If you're a corporation, your corp is required to have it for the employees - you. It's based on your payroll, subject to a minimum premium. For electricians, it's going to start at $800.
 
one working in my business? I'm an Electrician and just looking for a rough but somewhat accurate idea. From what I understand, you cannot take out workers compensation on yourself therefore you would have to take it out assuming you have at least 1 employee. I will be the only one working for myself, but the reason I need it is because the person I will be doing the job for wants me to have it along with my liability that I carry. I'm trying to spend as little as possible and I do carry my own medical but I'm guessing that does not matter since this is job related.
 
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