Insurance scams in the home improvement industry

List Of master contractors - Guide & Tips - inspections, maintenance, replacements & upgrades - At this price of about $350 a year the employee is telling his insurance company that he is a company and telling the insurance company to exempt himself. For example if a skilled roofer is paid $20 an hour, as a skilled roofer is worth, 41% of this wage is paid to the insurance company. Rather, the topic is to discuss how unqualified contractors scam their insurance to offer unrealisitc pricing. Carpentry insurance carries a rate of about 27%. There are other tricks like having two bank accounts and purpously keeping really poor records so that when the insurance company comes to audit, and they audit at least once a year, they end up just asking for bank statements. What does this mean? it'simply means that in order to properly carry workman's compensation insurance 41% of payroll is paid off to an insurance company. This enables them to get a generic certificate of insurance showing that they are insured until some date, usually a year form the date the insurance is activated. There is no insurance on that person. When someone is exempt they are not covered. 20 per hour going to the insurance company per worker. What you might not know is that a properly classified roofing contractor will have an insurance rate of 41% 9in Illinois). but this is simply not true. On average there are 220 working days per year, again do the math. Therefore that same $20 an hour ROOFER would be misclassified and his unqualified boss would only be paying $5. That is $8. They will then avoid paying taxes, but will also tell their employees to get their own insurance for a rate of about $350 a year. For example a company may carry carpentry insurance instead of roofing insurance. Each employee is paid cash, no taxes are with held and since their is no "pay roll" there is nothing for the insurance company to charge against, so the contractor has a rate of about $350 a year. If an average crew is 5 men, and an average work day 10 hours. One last scam is for the company to secure insurance, but then stop paying their monthly bills. 40 per hour or a savings of almost $2 per hour or again on a 5 man crew, or a savings of approximately $100 a day. Another method many liars and cheats will use is to improperly classify their employees as sub contractors. We all know this. Get free quotes - asphalt roof repair, concrete tile roof repair, hail damage roof repair, commercial roof replacement. but since they stopped paying for the insurance the insurance has lapsed and there are really is no insurance. So what methods do unqualified contractors use to cheat their insurance? A simple way is to be improperly classified. Since there are multiple accounts only one or two accounts are shown, and usually the bulk of the money funneled through the other hidden accounts. You may be thinking, that is great, and you may be thinking each employee is covered by insurance. Insurance is expensive. You may have come to read this article thinking that I will speak of ways home owners scam their insurance companies, but that is not the topic of this discussion. Again cheating! Finally the most unscrupulous and underhanded method of cheating out on insurance and taxes is by just plain paying cash. Therefore nobody really has insurance, all they have is pieces of paper saying they have insurance. you do the math. Less money shown equals lower insurance ..More

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Construction Permits-Are Construction Permits Necessary

Top 10 Best contractors - Maintenance Forum Pages - Inspections are called in at specific times during a construction project. Your building inspector or contractor can help determine when these events need to happen. A final inspection must be passed in order to get an occupancy rating, so it is advisable to inquire if there are expiry limitations on any of the permits aquired. Get free estimates - composition roof, corrugated roofing, asphalt roof, roofing systems. Obtaining Construction Permits and not following the proper procedures can be costly but not irreversible ..More

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Facebook Strategies - Fully Completing Your Facebook Business Page to Boost Contractor Leads

Popular nationwide technicians - Helpful Links - maintenance, upgrades, inspections & installations - So my advice? If you're not going to complete your Facebook profile page, then you might be better off not creating one at all. Residential & commercial services - roof gutter repair, roof problems, sagging roof repair, small roof repair ..More

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Chapter 2 - Part A

Service Expert residential contractors - Guide & Tips On - maintenance, upgrades, inspections & installations - My marketing people told me to code the advertisements, track the calls, file the calls, organize the customer, track efficiency, and create 10 miles of charts and graphs. With my new system came sophistication, I was in the computer age now. Residential & commercial services - cool roof, cedar shake roof, fibreglass roof, polycarbonate roofing. Oh yeah, it was the big time for me. I'm still not done though ..More

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