Getting workers' comp through quickbooks instead of a traditional insurance company

[BIG WOOD]

Someone suggested this to me several months ago and I can't remember who it was

Understand workers’ compensation insurance

Learn about workers’ compensation insurance in QuickBooks Online. Find out if you need it, how to get it, and how to manage workers’ comp automatically with Pay

quickbooks.intuit.com

workers-compensation

Does anyone on here use this? Pro's and Cons?

Thanks

 

[Kenny Hayes]

Unless you have employees, what does it matter? It certainly wouldn’t matter unless you were doing a lot of commercial that might require a certificate of coverage, and that’s rare.

 

[hogjowl]

Is that what he asked about?

 

[Kenny Hayes]

Bite me! He asked the pros and cons Idiot! I gave him the con. Why go through the rigmarole for a sole proprietor. I don’t know how it would benefit a sole proprietor
unless he wanted or needed to pay his premium in payments, and I doubt that’s the case.

 

[BIG WOOD]

I’m hiring

 

[BIG WOOD]

Unless you have employees, what does it matter? It certainly wouldn’t matter unless you were doing a lot of commercial that might require a certificate of coverage, and that’s rare.

Re-read my post.

I’m wanting to know the pros of getting WC through QuickBooks, instead of an insurance agent

 

[hogjowl]

Put him on ignore

 

[Kenny Hayes]

Shut up, he didn’t say he was hiring.

 

[srd]

They qouted me and were considerably higher than what i was currently paying

 

[BIG WOOD]

They qouted me and were considerably higher than what i was currently paying

That's strange. They advertise that this is supposed to be cheaper. Crooks

 

[Nomad74]

Nobody answer him. You're all heading down a slippery slope.

 

[hogjowl]

They told me, when selling me the on-line version, that year end tax prep was free through them. I stopped them and questioned that. He put me on hold, supposedly checked with their corporate tax division, and came back saying yes.

I don’t believe them.

 

[Kenny Hayes]

You do know that workman comp rates are set by each state. The only deviation would be by experience modifier. So, they can’t be cheaper like other risks. The only benefit to an online insurer like that is if you have A large monthly payroll and didn’t want to mess with it. Now idiot.

 

[Mike J]

Someone suggested this to me several months ago and I can't remember who it was

Understand workers’ compensation insurance

Learn about workers’ compensation insurance in QuickBooks Online. Find out if you need it, how to get it, and how to manage workers’ comp automatically with Pay

quickbooks.intuit.com

workers-compensation

Does anyone on here use this? Pro's and Cons?

Thanks

We use ADP. The "pay as you go" has made it better than monthly audits to determine amount due.

 

[BIG WOOD]

We use ADP. The "pay as you go" has made it better than monthly audits to determine amount due.

What does ADP stand for? and is that through QB or someone else?

 

[Kenny Hayes]

Amazon!

 

[Kenny Hayes]

My younger brother works for Amazon in Texas and makes 800k a year, no BS

 

[Mike J]

What does ADP stand for? and is that through QB or someone else?

Automatic Data Processing, it is comparable to Paychex. They both do payroll and all the deductions

 

[BIG WOOD]

Automatic Data Processing, it is comparable to Paychex. They both do payroll and all the deductions

This company?

Workers Compensation Insurance for Small Business | ADP

Get the right workers' compensation coverage at the right price. Licensed ADPIA agents work with 150,000 businesses like yours.

www.adp.com

 

[Mike J]

This company?

Workers Compensation Insurance for Small Business | ADP

Get the right workers' compensation coverage at the right price. Licensed ADPIA agents work with 150,000 businesses like yours.

www.adp.com

yes thats who we use. It is a competitive market and frequently get solicitedf to change

 

[BIG WOOD]

yes thats who we use.

I'll reach out to them and get some info. thanks

 

[Mike J]

I'll reach out to them and get some info. thanks

We pay like $90 per pay period but it only 2 people. It was recomended by our accountant to avoid mistakes, penalties and surprises of owed money. Im pretty far removed from it, not my job.

 

[BIG WOOD]

It looks like QB uses Next Insurance and they go on monthly payroll. I got the price at $232/month @ $807/week of payroll with the waiver of subrogation included in the policy

Has anyone used Next? Does this look like a decent price on WC?

 

[hogjowl]

I’d sure check locally with an independent agent.

 

[BIG WOOD]

I’d sure check locally with an independent agent.

My local agent wanted $1500 up front. I haven't asked anyone else locally yet. I have another customer that owns insurance locally, so I'll probably go see him in a few days to see what he has to say

The reason my agent wanted $1500 up front is because i've been in business so long, they think It's high risk. that was their words. I haven't filed any claims, so I don't understand what she meant by that. I think insurance is a scam.

This method that goes off payroll seems like the best way so far.

 

[Kenny Hayes]

You need to see another agent. That one sounds like an IDIOT. It’s not high risk. You can also go through the state (Georgia) to obtain it. Every state is different, but the same.

 

[Dr. Kleen]

Ive been using Paychex for about 9 years and get W/C through them (Guard Insurance Co.). I have 4 part timers that average about 15 - 25 hours/week each. Usually runs around $66 - $110/week I think