Construction is one of the highest-risk industries for workplace injuries — and that means workers comp insurance is both more important and more expensive than in most fields. Here’s what construction business owners on the East Coast need to know.
Why Construction Workers Comp Costs More
The nature of construction work — heights, heavy equipment, power tools, and physical labor — creates real risk. Workers comp carriers price that risk into your premium through higher class code rates. A general contractor might pay $5–$15 per $100 of payroll depending on the type of work.
Subcontractors and Your Workers Comp Policy
One of the biggest traps in construction workers comp: if you hire subcontractors who don’t carry their own workers comp insurance, their payroll can be added to your policy. Always get certificates of insurance from every sub before they set foot on your job site.
How to Save on Construction Workers Comp
Keep detailed records of subcontractor COIs. Separate your office payroll from field payroll — office staff have much lower rates. Implement a written safety program and shop multiple carriers annually.
Get a Free Construction Workers Comp Quote
Comp Matters Inc. works with construction companies across the East Coast to find competitive workers comp rates. Call (631) 248-2500 or request a free quote online.
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